HNNA vs STRW: Correlation
Hennessy Advisors, Inc. (HNNA) and Strawberry Fields REIT, Inc. (STRW) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HNNA and STRW?
On 3 years of weekly data the HNNA/STRW correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.20 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -184.2 %².
STRW is close to the least connected end of HNNA's tracked universe, ranking #10 of 12. Correlation aside, the last 12 months split them widely, with STRW ahead by 29.8 points (-7.4% versus +22.4%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
HNNA vs STRW: side by side
| HNNA (Hennessy Advisors, Inc.) | STRW (Strawberry Fields REIT, Inc.) | |
|---|---|---|
| 1-year return | -7.4% | +22.4% |
| 5-year return | +35.8% | n/a |
| Volatility (ann.) | 28.4% | 32.1% |
| Beta vs S&P 500 | 0.37 | 0.19 |
| Max drawdown (3Y) | -34.0% | -26.6% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | 9.5 | 21.1 |
| Dividend yield | 5.76% | 2.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HNNA | STRW |
|---|---|---|
| 2022 | -16.8% | – |
| 2023 | -13.8% | – |
| 2024 | +103.3% | +43.9% |
| 2025 | -20.8% | +30.5% |
| 2026 | +8.9% | +8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HNNA and STRW good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between HNNA and STRW?
As of 2026-08-27, the correlation of weekly returns between HNNA and STRW is -0.20 over 3 years, 0.02 over 1 year and n/a over 5 years.
Is STRW a good diversifier for HNNA?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hnna-vs-strw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hnna-vs-strw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HNNA correlations · STRW correlations
