BAR vs BBSI: Correlation
GraniteShares Gold Trust Shares of Beneficial Interest (BAR) and Barrett Business Services, Inc. (BBSI) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAR and BBSI?
Over the past 3 years, BAR and BBSI moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -124.0 %².
Among the 14 assets we track against BAR, BBSI sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with BAR ahead by 64.3 points (+35.5% versus -28.8%). Note the risk asymmetry: BBSI runs 1.6 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.
BAR vs BBSI: side by side
| BAR (GraniteShares Gold Trust Shares of Beneficial Interest) | BBSI (Barrett Business Services, Inc.) | |
|---|---|---|
| 1-year return | +35.5% | -28.8% |
| 5-year return | +152.4% | +89.3% |
| Volatility (ann.) | 18.6% | 30.3% |
| Beta vs S&P 500 | 0.17 | 0.64 |
| Max drawdown (3Y) | -26.3% | -45.3% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | 25.3 |
| Dividend yield | – | 0.94% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAR | BBSI |
|---|---|---|
| 2022 | -0.6% | +37.1% |
| 2023 | +13.0% | +25.8% |
| 2024 | +27.0% | +51.4% |
| 2025 | +64.1% | -16.0% |
| 2026 | +6.8% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAR and BBSI good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BAR and BBSI?
The BAR/BBSI correlation stands at -0.22 on a 3-year window (1 year: -0.28, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is BBSI a good diversifier for BAR?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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
$ curl https://www.pairbook.io/api/v1/pairs/bar-vs-bbsi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bar-vs-bbsi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BAR correlations · BBSI correlations
