AQST vs BVC: Correlation
Aquestive Therapeutics, Inc. (AQST) and BitVentures Limited (BVC) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AQST and BVC?
Over the past 3 years, AQST and BVC moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.24). Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -9667.1 %².
BVC is close to the least connected end of AQST's tracked universe, ranking #10 of 11. The last year tells two different stories: BVC led by 1788.0 percentage points, +34.0% for AQST against +1822.0% for BVC. One caveat on sizing: BVC is 5.6 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.
AQST vs BVC: side by side
| AQST (Aquestive Therapeutics, Inc.) | BVC (BitVentures Limited) | |
|---|---|---|
| 1-year return | +34.0% | +1822.0% |
| 5-year return | +10.7% | +74.6% |
| Volatility (ann.) | 85.7% | 476.9% |
| Beta vs S&P 500 | 0.87 | 1.30 |
| Max drawdown (3Y) | -63.5% | -97.2% |
| Market cap | $0.6B | $2.1B |
| P/E (trailing) | – | 8.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AQST | BVC |
|---|---|---|
| 2022 | -76.8% | +1.2% |
| 2023 | +123.9% | -67.4% |
| 2024 | +76.2% | -33.5% |
| 2025 | +81.5% | -7.3% |
| 2026 | -20.1% | +1002.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AQST and BVC good diversifiers for each other?
Yes. With a correlation of -0.24, AQST and BVC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AQST and BVC?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.48 over the last year and -0.16 over 5 years.
Is BVC a good diversifier for AQST?
Yes. With a correlation of -0.24, AQST and BVC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aqst-vs-bvc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aqst-vs-bvc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AQST correlations · BVC correlations
