BCC vs ELVN: Correlation
Measured on weekly returns over the past three years, Boise Cascade, L.L.C. (BCC) and Enliven Therapeutics, Inc. (ELVN) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCC and ELVN?
Across a 3-year window, the weekly returns of BCC and ELVN correlate at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Stretching to 5 years gives 0.24, with an annualized covariance of 1301.8 %².
Within BCC's tracked universe of 24 assets, ELVN comes in at #17 by 3-year correlation. The last year tells two different stories: ELVN led by 202.1 percentage points, -9.5% for BCC against +192.6% for ELVN. Risk is not evenly split, since ELVN carries 2.3 times the volatility of the other side.
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.
BCC vs ELVN: side by side
| BCC (Boise Cascade, L.L.C.) | ELVN (Enliven Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -9.5% | +192.6% |
| 5-year return | +71.4% | +225.3% |
| Volatility (ann.) | 36.4% | 84.7% |
| Beta vs S&P 500 | 0.99 | 1.32 |
| Max drawdown (3Y) | -56.5% | -49.5% |
| Market cap | $2.7B | $4.4B |
| P/E (trailing) | 27.1 | – |
| Dividend yield | 1.10% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCC | ELVN |
|---|---|---|
| 2022 | +1.5% | +81.8% |
| 2023 | +106.6% | -15.4% |
| 2024 | -4.0% | +62.6% |
| 2025 | -37.5% | -31.6% |
| 2026 | +7.7% | +292.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCC and ELVN good diversifiers for each other?
Reasonably. At 0.42, BCC and ELVN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BCC and ELVN?
As of 2026-08-27, the correlation of weekly returns between BCC and ELVN is 0.42 over 3 years, 0.44 over 1 year and 0.24 over 5 years.
Is ELVN a good diversifier for BCC?
Reasonably. At 0.42, BCC and ELVN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/bcc-vs-elvn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcc-vs-elvn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCC correlations · ELVN correlations
