APLD vs BCV: Correlation
Measured on weekly returns over the past three years, Applied Digital Corporation (APLD) and Bancroft Fund, Ltd. (BCV) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLD and BCV?
On 3 years of weekly data the APLD/BCV correlation comes out at 0.49, moderate. The past 12 months show a tighter link (0.67) than the 3-year average (0.49). The 5-year figure is 0.37, and annualized covariance runs at 1011.6 %².
Few assets follow APLD as closely as BCV, which ranks #3 of 15 tracked partners. Correlation aside, the last 12 months split them widely, with APLD ahead by 36.0 points (+64.3% versus +28.3%). Risk is not evenly split, since APLD carries 6.7 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.
APLD vs BCV: side by side
| APLD (Applied Digital Corporation) | BCV (Bancroft Fund, Ltd.) | |
|---|---|---|
| 1-year return | +64.3% | +28.3% |
| 5-year return | +465.8% | +22.7% |
| Volatility (ann.) | 117.7% | 17.6% |
| Beta vs S&P 500 | 2.73 | 0.68 |
| Max drawdown (3Y) | -71.9% | -14.6% |
| Market cap | $7.8B | $0.1B |
| P/E (trailing) | – | 3.7 |
| Dividend yield | 0.00% | 5.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APLD | BCV |
|---|---|---|
| 2022 | – | -33.7% |
| 2023 | +266.3% | +5.6% |
| 2024 | +13.4% | +19.8% |
| 2025 | +220.9% | +33.4% |
| 2026 | +11.9% | +16.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLD and BCV good diversifiers for each other?
Reasonably. At 0.49, APLD and BCV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APLD and BCV?
The APLD/BCV correlation stands at 0.49 on a 3-year window (1 year: 0.67, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is BCV a good diversifier for APLD?
Reasonably. At 0.49, APLD and BCV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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: APLD correlations · BCV correlations
