BAER vs FUBO: Correlation
How closely do Bridger Aerospace Group Holdings, Inc. (BAER) and FuboTV Inc. (FUBO) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAER and FUBO?
Over the past 3 years, BAER and FUBO moved with a correlation of 0.38, which is moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.38). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 6088.7 %².
Few assets follow BAER as closely as FUBO, which ranks #1 of 11 tracked partners. The last year tells two different stories: BAER led by 31.7 percentage points, -43.6% for BAER against -75.3% for FUBO. Note the risk asymmetry: FUBO runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BAER vs FUBO: side by side
| BAER (Bridger Aerospace Group Holdings, Inc.) | FUBO (FuboTV Inc.) | |
|---|---|---|
| 1-year return | -43.6% | -75.3% |
| 5-year return | -88.1% | -96.9% |
| Volatility (ann.) | 97.4% | 164.3% |
| Beta vs S&P 500 | 1.71 | 0.34 |
| Max drawdown (3Y) | -87.8% | -87.7% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 2.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAER | FUBO |
|---|---|---|
| 2022 | +3.8% | -88.8% |
| 2023 | -31.8% | +82.8% |
| 2024 | -69.2% | -60.4% |
| 2025 | -14.1% | +100.0% |
| 2026 | -37.2% | -66.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAER and FUBO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BAER and FUBO?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.19 over the last year and 0.29 over 5 years.
Is FUBO a good diversifier for BAER?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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
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Related comparisons
Hubs: BAER correlations · FUBO correlations
