AEHL vs BYND: Correlation
Antelope Enterprise Holdings Limited - Class A (AEHL) and Beyond Meat, Inc. (BYND) show a very strong relationship: their 3-year correlation of weekly returns is 0.97.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEHL and BYND?
Across a 3-year window, the weekly returns of AEHL and BYND correlate at 0.97, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.97 lands near the 3-year figure. Stretching to 5 years gives 0.96, with an annualized covariance of 2526785.5 %².
Within AEHL's tracked universe of 26 assets, BYND comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BYND ahead by 514.1 points (-73.6% versus +440.5%). Note the risk asymmetry: BYND runs 1.8 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.
AEHL vs BYND: side by side
| AEHL (Antelope Enterprise Holdings Limited - Class A) | BYND (Beyond Meat, Inc.) | |
|---|---|---|
| 1-year return | -73.6% | +440.5% |
| 5-year return | -99.9% | -88.4% |
| Volatility (ann.) | 1193.4% | 2192.0% |
| Beta vs S&P 500 | 1.91 | 5.06 |
| Max drawdown (3Y) | -100.0% | -97.2% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEHL | BYND |
|---|---|---|
| 2022 | -62.9% | -81.1% |
| 2023 | -56.1% | -27.7% |
| 2024 | -91.1% | -57.8% |
| 2025 | -80.8% | -78.2% |
| 2026 | -52.1% | +1607.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEHL and BYND good diversifiers for each other?
Not really. At 0.97, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AEHL and BYND?
As of 2026-08-27, the correlation of weekly returns between AEHL and BYND is 0.97 over 3 years, 0.97 over 1 year and 0.96 over 5 years.
Is BYND a good diversifier for AEHL?
Not really. At 0.97, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.97 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/aehl-vs-bynd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aehl-vs-bynd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AEHL correlations · BYND correlations
