AGD vs BUR: Correlation
abrdn Global Dynamic Dividend Fund (AGD) and Burford Capital Limited (BUR) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGD and BUR?
Over the past 3 years, AGD and BUR moved with a correlation of 0.47, which is moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 467.1 %².
By 3-year correlation, BUR places #9 of the 15 assets tracked against AGD. The last year tells two different stories: AGD led by 87.9 percentage points, +19.7% for AGD against -68.2% for BUR. Note the risk asymmetry: BUR runs 2.2 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.
AGD vs BUR: side by side
| AGD (abrdn Global Dynamic Dividend Fund) | BUR (Burford Capital Limited) | |
|---|---|---|
| 1-year return | +19.7% | -68.2% |
| 5-year return | +65.7% | -62.0% |
| Volatility (ann.) | 21.4% | 46.5% |
| Beta vs S&P 500 | 0.88 | 1.40 |
| Max drawdown (3Y) | -20.3% | -75.5% |
| Market cap | – | $0.9B |
| P/E (trailing) | 4.2 | – |
| Dividend yield | 5.26% | 1.45% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGD | BUR |
|---|---|---|
| 2022 | -15.3% | -21.6% |
| 2023 | +7.4% | +93.3% |
| 2024 | +16.4% | -17.5% |
| 2025 | +34.3% | -29.7% |
| 2026 | +16.5% | -50.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGD and BUR good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AGD and BUR?
The AGD/BUR correlation stands at 0.47 on a 3-year window (1 year: 0.51, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is BUR a good diversifier for AGD?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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/agd-vs-bur.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/agd-vs-bur/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGD correlations · BUR correlations
