BAR vs BSEM: Correlation
How closely do GraniteShares Gold Trust Shares of Beneficial Interest (BAR) and BioStem Technologies, Inc. (BSEM) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAR and BSEM?
On 3 years of weekly data the BAR/BSEM correlation comes out at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. The 5-year figure is 0.19, and annualized covariance runs at 754.7 %².
Within BAR's tracked universe of 14 assets, BSEM comes in at #9 by 3-year correlation. The last year tells two different stories: BAR led by 75.2 percentage points, +35.5% for BAR against -39.7% for BSEM. Note the risk asymmetry: BSEM runs 6.1 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 BSEM: side by side
| BAR (GraniteShares Gold Trust Shares of Beneficial Interest) | BSEM (BioStem Technologies, Inc.) | |
|---|---|---|
| 1-year return | +35.5% | -39.7% |
| 5-year return | +152.4% | +263.2% |
| Volatility (ann.) | 18.6% | 113.1% |
| Beta vs S&P 500 | 0.17 | 1.65 |
| Max drawdown (3Y) | -26.3% | -88.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 4.1 |
| Dividend yield | – | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAR | BSEM |
|---|---|---|
| 2022 | -0.6% | +187.5% |
| 2023 | +13.0% | +96.0% |
| 2024 | +27.0% | +136.2% |
| 2025 | +64.1% | -72.5% |
| 2026 | +6.8% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAR and BSEM good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BAR and BSEM?
As of 2026-08-27, the correlation of weekly returns between BAR and BSEM is 0.36 over 3 years, 0.45 over 1 year and 0.19 over 5 years.
Is BSEM a good diversifier for BAR?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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-bsem.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bar-vs-bsem/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAR correlations · BSEM correlations
