BBY vs LIQT: Correlation
Measured on weekly returns over the past three years, Best Buy (BBY) and LiqTech International, Inc. (LIQT) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBY and LIQT?
Over the past 3 years, BBY and LIQT moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.40) than the 3-year average (-0.21). Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -533.7 %².
Among the 33 assets we track against BBY, LIQT ranks #28 by 3-year correlation. The last year tells two different stories: BBY led by 88.0 percentage points, +16.9% for BBY against -71.1% for LIQT. One caveat on sizing: LIQT is 1.8 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 LIQT: side by side
| BBY (Best Buy) | LIQT (LiqTech International, Inc.) | |
|---|---|---|
| 1-year return | +16.9% | -71.1% |
| 5-year return | -11.2% | -98.6% |
| Volatility (ann.) | 37.6% | 68.6% |
| Beta vs S&P 500 | 0.97 | 0.75 |
| Max drawdown (3Y) | -44.3% | -87.4% |
| 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 | LIQT |
|---|---|---|
| 2022 | -17.5% | -93.4% |
| 2023 | +2.5% | +12.2% |
| 2024 | +14.4% | -46.0% |
| 2025 | -17.8% | -20.7% |
| 2026 | +28.4% | -61.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBY and LIQT good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BBY and LIQT?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.40 over the last year and -0.02 over 5 years.
Is LIQT a good diversifier for BBY?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/bby-vs-liqt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bby-vs-liqt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBY correlations · LIQT correlations
