ACRE vs BESS: Correlation
Measured on weekly returns over the past three years, Ares Commercial Real Estate Corporation (ACRE) and Bimergen Energy Corporation (BESS) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACRE and BESS?
On 3 years of weekly data the ACRE/BESS correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. The 5-year figure is -0.19, and annualized covariance runs at -45278.5 %².
Among the 13 assets we track against ACRE, BESS sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months ACRE outperformed by 64.0 percentage points (+13.6% for ACRE against -50.4% for BESS). Note the risk asymmetry: BESS runs 137.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ACRE vs BESS: side by side
| ACRE (Ares Commercial Real Estate Corporation) | BESS (Bimergen Energy Corporation) | |
|---|---|---|
| 1-year return | +13.6% | -50.4% |
| 5-year return | -43.9% | -87.7% |
| Volatility (ann.) | 37.4% | 5140.2% |
| Beta vs S&P 500 | 0.90 | 17.01 |
| Max drawdown (3Y) | -61.3% | -99.5% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 12.96% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACRE | BESS |
|---|---|---|
| 2022 | -20.4% | -30.0% |
| 2023 | +15.6% | -14.3% |
| 2024 | -34.0% | +16.7% |
| 2025 | -7.9% | +7.1% |
| 2026 | +3.4% | -70.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACRE and BESS good diversifiers for each other?
Yes. With a correlation of -0.24, ACRE and BESS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACRE and BESS?
As of 2026-08-27, the correlation of weekly returns between ACRE and BESS is -0.24 over 3 years, -0.16 over 1 year and -0.19 over 5 years.
Is BESS a good diversifier for ACRE?
Yes. With a correlation of -0.24, ACRE and BESS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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.
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Related comparisons
Hubs: ACRE correlations · BESS correlations
