ANGO vs BVC: Correlation
AngioDynamics, Inc. (ANGO) and BitVentures Limited (BVC) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANGO and BVC?
Across a 3-year window, the weekly returns of ANGO and BVC correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.61 versus -0.26 over 3 years. Stretching to 5 years gives -0.20, with an annualized covariance of -6316.4 %².
Out of 11 assets tracked against ANGO, BVC lands near the bottom at #11. The last year tells two different stories: BVC led by 1764.4 percentage points, +57.6% for ANGO against +1822.0% for BVC. One caveat on sizing: BVC is 9.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ANGO vs BVC: side by side
| ANGO (AngioDynamics, Inc.) | BVC (BitVentures Limited) | |
|---|---|---|
| 1-year return | +57.6% | +1822.0% |
| 5-year return | -44.6% | +74.6% |
| Volatility (ann.) | 50.1% | 476.9% |
| Beta vs S&P 500 | 0.26 | 1.30 |
| Max drawdown (3Y) | -37.3% | -97.2% |
| Market cap | $0.7B | $2.1B |
| P/E (trailing) | – | 8.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANGO | BVC |
|---|---|---|
| 2022 | -50.1% | +1.2% |
| 2023 | -43.1% | -67.4% |
| 2024 | +16.8% | -33.5% |
| 2025 | +40.2% | -7.3% |
| 2026 | +22.9% | +1002.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANGO and BVC good diversifiers for each other?
Yes. With a correlation of -0.26, ANGO and BVC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ANGO and BVC?
As of 2026-08-27, the correlation of weekly returns between ANGO and BVC is -0.26 over 3 years, -0.61 over 1 year and -0.20 over 5 years.
Is BVC a good diversifier for ANGO?
Yes. With a correlation of -0.26, ANGO and BVC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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/ango-vs-bvc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ango-vs-bvc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANGO correlations · BVC correlations
