BAER vs SRZN: Correlation
Measured on weekly returns over the past three years, Bridger Aerospace Group Holdings, Inc. (BAER) and Surrozen, Inc. (SRZN) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAER and SRZN?
On 3 years of weekly data the BAER/SRZN correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.21 over 3 years. The 5-year figure is -0.12, and annualized covariance runs at -1728.7 %².
SRZN is close to the least connected end of BAER's tracked universe, ranking #8 of 11. The last year tells two different stories: SRZN led by 154.2 percentage points, -43.6% for BAER against +110.6% for SRZN.
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 SRZN: side by side
| BAER (Bridger Aerospace Group Holdings, Inc.) | SRZN (Surrozen, Inc.) | |
|---|---|---|
| 1-year return | -43.6% | +110.6% |
| 5-year return | -88.1% | -80.6% |
| Volatility (ann.) | 97.4% | 85.6% |
| Beta vs S&P 500 | 1.71 | 0.14 |
| Max drawdown (3Y) | -87.8% | -61.8% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAER | SRZN |
|---|---|---|
| 2022 | +3.8% | -91.0% |
| 2023 | -31.8% | +7.7% |
| 2024 | -69.2% | +52.7% |
| 2025 | -14.1% | +57.5% |
| 2026 | -37.2% | +6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAER and SRZN good diversifiers for each other?
Yes. With a correlation of -0.21, BAER and SRZN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BAER and SRZN?
As of 2026-08-27, the correlation of weekly returns between BAER and SRZN is -0.21 over 3 years, -0.03 over 1 year and -0.12 over 5 years.
Is SRZN a good diversifier for BAER?
Yes. With a correlation of -0.21, BAER and SRZN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/baer-vs-srzn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/baer-vs-srzn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BAER correlations · SRZN correlations
