QUAL vs YHGJ: Correlation
iShares MSCI USA Quality Factor ETF (QUAL) and Yunhong Green CTI Ltd. (YHGJ) show a negative relationship: their 3-year correlation of weekly returns is -0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QUAL and YHGJ?
On 3 years of weekly data the QUAL/YHGJ correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.07 over 1 year against -0.14 over 3. The 5-year figure is -0.02, and annualized covariance runs at -173.5 %².
Among the 106 assets we track against QUAL, YHGJ ranks #97 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QUAL ahead by 64.6 points (+19.7% versus -44.9%). One caveat on sizing: YHGJ is 6.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
QUAL vs YHGJ: side by side
| QUAL (iShares MSCI USA Quality Factor ETF) | YHGJ (Yunhong Green CTI Ltd.) | |
|---|---|---|
| 1-year return | +19.7% | -44.9% |
| 5-year return | +68.0% | -85.6% |
| Volatility (ann.) | 14.0% | 90.5% |
| Beta vs S&P 500 | 0.93 | -0.69 |
| Max drawdown (3Y) | -18.0% | -91.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.86% | 0.00% |
| Expense ratio | 0.15% | – |
| Assets under management | $46.5B | – |
| Sector / category | ETF · US Style | US Listed |
QUAL is a Large Blend fund from iShares: $46.5B under management, 123 holdings, a 0.15% expense ratio, a 0.86% trailing dividend yield.
Year-by-year returns
| Year | QUAL | YHGJ |
|---|---|---|
| 2022 | -20.5% | -12.6% |
| 2023 | +30.9% | +105.8% |
| 2024 | +22.3% | -74.3% |
| 2025 | +12.7% | -34.0% |
| 2026 | +13.5% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QUAL and YHGJ good diversifiers for each other?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QUAL and YHGJ?
The QUAL/YHGJ correlation stands at -0.14 on a 3-year window (1 year: -0.07, 5 years: -0.02), computed from weekly returns as of 2026-08-27.
Is YHGJ a good diversifier for QUAL?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.14 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qual-vs-yhgj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qual-vs-yhgj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QUAL correlations · YHGJ correlations
