AKAN vs BAND: Correlation
Measured on weekly returns over the past three years, Akanda Corp. (AKAN) and Bandwidth Inc. (BAND) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and BAND?
Over the past 3 years, AKAN and BAND moved with a correlation of 0.44, which is moderate. The past 12 months show a tighter link (0.62) than the 3-year average (0.44). Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 11770.0 %².
Among the 26 assets we track against AKAN, BAND ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BAND outperformed by 344.4 percentage points (-95.2% for AKAN against +249.2% for BAND). Note the risk asymmetry: AKAN runs 3.1 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.
AKAN vs BAND: side by side
| AKAN (Akanda Corp.) | BAND (Bandwidth Inc.) | |
|---|---|---|
| 1-year return | -95.2% | +249.2% |
| 5-year return | -100.0% | -50.5% |
| Volatility (ann.) | 285.6% | 93.1% |
| Beta vs S&P 500 | 2.86 | 1.91 |
| Max drawdown (3Y) | -99.9% | -52.9% |
| Market cap | – | $1.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKAN | BAND |
|---|---|---|
| 2022 | – | -68.0% |
| 2023 | -70.5% | -36.9% |
| 2024 | -95.5% | +17.6% |
| 2025 | -90.9% | -9.2% |
| 2026 | -58.9% | +235.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and BAND good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AKAN and BAND?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.62 over the last year and 0.39 over 5 years.
Is BAND a good diversifier for AKAN?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/akan-vs-band.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/akan-vs-band/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AKAN correlations · BAND correlations
