BAER vs GP: Correlation
Bridger Aerospace Group Holdings, Inc. (BAER) and GreenPower Motor Company Inc. (GP) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAER and GP?
Across a 3-year window, the weekly returns of BAER and GP correlate at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.34 over 3 years. Stretching to 5 years gives 0.20, with an annualized covariance of 3430.3 %².
In BAER's tracked universe of 11 assets, GP sits right near the top at #3. The last year tells two different stories: BAER led by 17.7 percentage points, -43.6% for BAER against -61.3% for GP.
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 GP: side by side
| BAER (Bridger Aerospace Group Holdings, Inc.) | GP (GreenPower Motor Company Inc.) | |
|---|---|---|
| 1-year return | -43.6% | -61.3% |
| 5-year return | -88.1% | -99.0% |
| Volatility (ann.) | 97.4% | 104.8% |
| Beta vs S&P 500 | 1.71 | 1.76 |
| Max drawdown (3Y) | -87.8% | -98.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAER | GP |
|---|---|---|
| 2022 | +3.8% | -81.8% |
| 2023 | -31.8% | +80.9% |
| 2024 | -69.2% | -75.4% |
| 2025 | -14.1% | -89.9% |
| 2026 | -37.2% | +71.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAER and GP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BAER and GP?
The BAER/GP correlation stands at 0.34 on a 3-year window (1 year: 0.19, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is GP a good diversifier for BAER?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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 · GP correlations
