ARBB vs BGM: Correlation
How closely do ARB IOT Group Limited (ARBB) and BGM Group Ltd. - Class A (BGM) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARBB and BGM?
Over the past 3 years, ARBB and BGM moved with a correlation of 0.36, which is moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.36). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 6180.3 %².
Within ARBB's tracked universe of 12 assets, BGM comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ARBB ahead by 97.2 points (+0.8% versus -96.4%). One caveat on sizing: ARBB is 1.6 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.
ARBB vs BGM: side by side
| ARBB (ARB IOT Group Limited) | BGM (BGM Group Ltd. - Class A) | |
|---|---|---|
| 1-year return | +0.8% | -96.4% |
| 5-year return | n/a | -98.5% |
| Volatility (ann.) | 167.6% | 101.6% |
| Beta vs S&P 500 | 0.32 | 0.50 |
| Max drawdown (3Y) | -90.3% | -98.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARBB | BGM |
|---|---|---|
| 2022 | – | -72.1% |
| 2023 | – | +7.5% |
| 2024 | -80.7% | +119.2% |
| 2025 | -21.7% | -56.3% |
| 2026 | -26.0% | -92.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARBB and BGM good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARBB and BGM?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.17 over the last year and n/a over 5 years.
Is BGM a good diversifier for ARBB?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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
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Related comparisons
Hubs: ARBB correlations · BGM correlations
