AIIO vs BWEN: Correlation
How closely do Robo.ai Inc. - Class B (AIIO) and Broadwind, Inc. (BWEN) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIIO and BWEN?
Over the past 3 years, AIIO and BWEN moved with a correlation of 0.55, which is moderate. The past 12 months show a tighter link (0.78) than the 3-year average (0.55). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 15304.1 %².
BWEN is one of the assets that tracks AIIO most closely: it ranks #3 out of the 35 assets we track against AIIO. Correlation aside, the last 12 months split them widely, with BWEN ahead by 203.8 points (-91.3% versus +112.5%). Risk is not evenly split, since AIIO carries 2.8 times the volatility of the other side.
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.
AIIO vs BWEN: side by side
| AIIO (Robo.ai Inc. - Class B) | BWEN (Broadwind, Inc.) | |
|---|---|---|
| 1-year return | -91.3% | +112.5% |
| 5-year return | -98.8% | +46.2% |
| Volatility (ann.) | 280.6% | 99.9% |
| Beta vs S&P 500 | 0.74 | 1.25 |
| Max drawdown (3Y) | -99.7% | -69.3% |
| Market cap | $0.4B | $0.1B |
| P/E (trailing) | – | 12.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AIIO | BWEN |
|---|---|---|
| 2022 | -9.2% | -4.8% |
| 2023 | -27.5% | +54.7% |
| 2024 | -91.0% | -32.1% |
| 2025 | -56.6% | +50.5% |
| 2026 | -61.3% | +62.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIIO and BWEN good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AIIO and BWEN?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.78 over the last year and 0.34 over 5 years.
Is BWEN a good diversifier for AIIO?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 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/aiio-vs-bwen.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aiio-vs-bwen/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIIO correlations · BWEN correlations
