BBW vs REAX: Correlation
How closely do Build-A-Bear Workshop, Inc. (BBW) and Real REMAX Group Inc. (REAX) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBW and REAX?
On 3 years of weekly data the BBW/REAX correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.45) runs below the 3-year figure (-0.30). The 5-year figure is -0.21, and annualized covariance runs at -6741.0 %².
Among the 16 assets we track against BBW, REAX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: REAX led by 407.5 percentage points, -50.4% for BBW against +357.1% for REAX. Note the risk asymmetry: REAX runs 9.6 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.
BBW vs REAX: side by side
| BBW (Build-A-Bear Workshop, Inc.) | REAX (Real REMAX Group Inc.) | |
|---|---|---|
| 1-year return | -50.4% | +357.1% |
| 5-year return | +86.4% | +1133.9% |
| Volatility (ann.) | 48.4% | 463.3% |
| Beta vs S&P 500 | 0.89 | 1.90 |
| Max drawdown (3Y) | -61.7% | -76.1% |
| Market cap | – | $0.5B |
| P/E (trailing) | 9.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBW | REAX |
|---|---|---|
| 2022 | +22.1% | -71.5% |
| 2023 | +2.8% | +52.4% |
| 2024 | +105.6% | +187.5% |
| 2025 | +35.4% | -20.7% |
| 2026 | -53.0% | +547.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBW and REAX good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BBW and REAX?
The BBW/REAX correlation stands at -0.30 on a 3-year window (1 year: -0.45, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is REAX a good diversifier for BBW?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
A reading of -0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BBW correlations · REAX correlations
