BBCP vs WHLR: Correlation
How closely do Concrete Pumping Holdings, Inc. (BBCP) and Wheeler Real Estate Investment Trust, Inc. (WHLR) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBCP and WHLR?
On 3 years of weekly data the BBCP/WHLR correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.04 versus -0.25 over 3 years. The 5-year figure is -0.21, and annualized covariance runs at -6215.7 %².
Out of 10 assets tracked against BBCP, WHLR lands near the bottom at #9. The last year tells two different stories: BBCP led by 132.3 percentage points, +32.3% for BBCP against -100.0% for WHLR. Note the risk asymmetry: WHLR runs 11.9 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.
BBCP vs WHLR: side by side
| BBCP (Concrete Pumping Holdings, Inc.) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | +32.3% | -100.0% |
| 5-year return | +27.3% | -100.0% |
| Volatility (ann.) | 45.9% | 545.0% |
| Beta vs S&P 500 | 0.71 | -5.84 |
| Max drawdown (3Y) | -43.2% | -100.0% |
| Market cap | $0.5B | – |
| P/E (trailing) | 67.4 | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBCP | WHLR |
|---|---|---|
| 2022 | -28.7% | -28.0% |
| 2023 | +40.2% | -98.4% |
| 2024 | -18.8% | -98.4% |
| 2025 | +13.7% | -100.0% |
| 2026 | +40.5% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBCP and WHLR good diversifiers for each other?
Yes. With a correlation of -0.25, BBCP and WHLR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BBCP and WHLR?
The BBCP/WHLR correlation stands at -0.25 on a 3-year window (1 year: -0.04, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is WHLR a good diversifier for BBCP?
Yes. With a correlation of -0.25, BBCP and WHLR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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
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[](https://www.pairbook.io/pair/bbcp-vs-whlr/)
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Related comparisons
Hubs: BBCP correlations · WHLR correlations
