AOD vs BUR: Correlation
abrdn Total Dynamic Dividend Fund (AOD) and Burford Capital Limited (BUR) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOD and BUR?
Across a 3-year window, the weekly returns of AOD and BUR correlate at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 349.4 %².
Within AOD's tracked universe of 26 assets, BUR comes in at #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AOD ahead by 100.0 points (+31.8% versus -68.2%). Risk is not evenly split, since BUR carries 3.0 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.
AOD vs BUR: side by side
| AOD (abrdn Total Dynamic Dividend Fund) | BUR (Burford Capital Limited) | |
|---|---|---|
| 1-year return | +31.8% | -68.2% |
| 5-year return | +70.1% | -62.0% |
| Volatility (ann.) | 15.4% | 46.5% |
| Beta vs S&P 500 | 0.81 | 1.40 |
| Max drawdown (3Y) | -16.7% | -75.5% |
| Market cap | $1.1B | $0.9B |
| P/E (trailing) | 4.1 | – |
| Dividend yield | 5.46% | 1.45% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOD | BUR |
|---|---|---|
| 2022 | -17.1% | -21.6% |
| 2023 | +12.7% | +93.3% |
| 2024 | +16.1% | -17.5% |
| 2025 | +32.1% | -29.7% |
| 2026 | +18.1% | -50.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOD and BUR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AOD and BUR?
The AOD/BUR correlation stands at 0.49 on a 3-year window (1 year: 0.57, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is BUR a good diversifier for AOD?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 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/aod-vs-bur.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aod-vs-bur/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AOD correlations · BUR correlations
