BAER vs YJ: Correlation
How closely do Bridger Aerospace Group Holdings, Inc. (BAER) and Yunji Inc. - American Depository Shares (YJ) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAER and YJ?
On 3 years of weekly data the BAER/YJ correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.21 over 3 years. The 5-year figure is -0.15, and annualized covariance runs at -2834.8 %².
Out of 11 assets tracked against BAER, YJ lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with YJ ahead by 126.9 points (-43.6% versus +83.3%).
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 YJ: side by side
| BAER (Bridger Aerospace Group Holdings, Inc.) | YJ (Yunji Inc. - American Depository Shares) | |
|---|---|---|
| 1-year return | -43.6% | +83.3% |
| 5-year return | -88.1% | -89.8% |
| Volatility (ann.) | 97.4% | 139.4% |
| Beta vs S&P 500 | 1.71 | 0.56 |
| Max drawdown (3Y) | -87.8% | -73.6% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 1.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAER | YJ |
|---|---|---|
| 2022 | +3.8% | +30.7% |
| 2023 | -31.8% | -91.3% |
| 2024 | -69.2% | -43.4% |
| 2025 | -14.1% | -26.7% |
| 2026 | -37.2% | +170.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAER and YJ good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BAER and YJ?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.40 over the last year and -0.15 over 5 years.
Is YJ a good diversifier for BAER?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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/baer-vs-yj.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/baer-vs-yj/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BAER correlations · YJ correlations
