ALTI vs BFST: Correlation
Measured on weekly returns over the past three years, AlTi Global, Inc. (ALTI) and Business First Bancshares, Inc. (BFST) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALTI and BFST?
Over the past 3 years, ALTI and BFST moved with a correlation of 0.45, which is moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 753.2 %².
Few assets follow ALTI as closely as BFST, which ranks #1 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with BFST ahead by 33.9 points (-8.3% versus +25.6%). Note the risk asymmetry: ALTI runs 1.9 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.
ALTI vs BFST: side by side
| ALTI (AlTi Global, Inc.) | BFST (Business First Bancshares, Inc.) | |
|---|---|---|
| 1-year return | -8.3% | +25.6% |
| 5-year return | -58.9% | +47.5% |
| Volatility (ann.) | 56.3% | 29.7% |
| Beta vs S&P 500 | 1.23 | 0.82 |
| Max drawdown (3Y) | -72.2% | -27.3% |
| Market cap | $0.6B | $1.0B |
| P/E (trailing) | – | 11.1 |
| Dividend yield | 0.00% | 1.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALTI | BFST |
|---|---|---|
| 2022 | +10.4% | -20.2% |
| 2023 | -19.7% | +14.4% |
| 2024 | -49.7% | +6.9% |
| 2025 | +5.2% | +4.0% |
| 2026 | -14.7% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALTI and BFST good diversifiers for each other?
Reasonably. At 0.45, ALTI and BFST keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALTI and BFST?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.38 over the last year and 0.23 over 5 years.
Is BFST a good diversifier for ALTI?
Reasonably. At 0.45, ALTI and BFST keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ALTI correlations · BFST correlations
