BBY vs INLX: Correlation
Measured on weekly returns over the past three years, Best Buy (BBY) and Intellinetics, Inc. (INLX) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBY and INLX?
Over the past 3 years, BBY and INLX moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -429.3 %².
By 3-year correlation, INLX places #26 of the 33 assets tracked against BBY. The last year tells two different stories: BBY led by 63.3 percentage points, +16.9% for BBY against -46.4% for INLX. One caveat on sizing: INLX is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BBY vs INLX: side by side
| BBY (Best Buy) | INLX (Intellinetics, Inc.) | |
|---|---|---|
| 1-year return | +16.9% | -46.4% |
| 5-year return | -11.2% | +7.4% |
| Volatility (ann.) | 37.6% | 60.0% |
| Beta vs S&P 500 | 0.97 | -0.07 |
| Max drawdown (3Y) | -44.3% | -65.9% |
| Market cap | – | – |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | BBY | INLX |
|---|---|---|
| 2022 | -17.5% | -43.5% |
| 2023 | +2.5% | +18.5% |
| 2024 | +14.4% | +171.7% |
| 2025 | -17.8% | -42.0% |
| 2026 | +28.4% | -34.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBY and INLX good diversifiers for each other?
Yes. With a correlation of -0.19, BBY and INLX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BBY and INLX?
As of 2026-08-27, the correlation of weekly returns between BBY and INLX is -0.19 over 3 years, -0.26 over 1 year and -0.05 over 5 years.
Is INLX a good diversifier for BBY?
Yes. With a correlation of -0.19, BBY and INLX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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
$ curl https://www.pairbook.io/api/v1/pairs/bby-vs-inlx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bby-vs-inlx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBY correlations · INLX correlations
