ATLC vs BFH: Correlation
How closely do Atlanticus Holdings Corporation (ATLC) and Bread Financial Holdings, Inc. (BFH) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATLC and BFH?
Across a 3-year window, the weekly returns of ATLC and BFH correlate at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 1167.3 %².
Among the 13 assets we track against ATLC, BFH ranks #4 by 3-year correlation. The last year tells two different stories: BFH led by 26.4 percentage points, +40.4% for ATLC against +66.8% for BFH.
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.
ATLC vs BFH: side by side
| ATLC (Atlanticus Holdings Corporation) | BFH (Bread Financial Holdings, Inc.) | |
|---|---|---|
| 1-year return | +40.4% | +66.8% |
| 5-year return | +58.2% | +55.9% |
| Volatility (ann.) | 49.7% | 42.0% |
| Beta vs S&P 500 | 1.55 | 1.26 |
| Max drawdown (3Y) | -39.5% | -36.7% |
| Market cap | $1.4B | $4.2B |
| P/E (trailing) | 12.1 | 8.3 |
| Dividend yield | 0.00% | 0.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATLC | BFH |
|---|---|---|
| 2022 | -63.3% | -42.4% |
| 2023 | +47.6% | -10.2% |
| 2024 | +44.2% | +89.0% |
| 2025 | +20.0% | +23.1% |
| 2026 | +39.0% | +46.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATLC and BFH good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ATLC and BFH?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.60 over the last year and 0.54 over 5 years.
Is BFH a good diversifier for ATLC?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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/atlc-vs-bfh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atlc-vs-bfh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATLC correlations · BFH correlations
