BCG vs IGC: Correlation
Measured on weekly returns over the past three years, Binah Capital Group, Inc. (BCG) and IGC Pharma, Inc. (IGC) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCG and IGC?
On 3 years of weekly data the BCG/IGC correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.08) than the 3-year average (-0.28). The 5-year figure is n/a, and annualized covariance runs at -2287.7 %².
Out of 16 assets tracked against BCG, IGC lands near the bottom at #16. Twelve-month performance is nearly a tie, at -26.0% for BCG and -25.8% for IGC. One caveat on sizing: BCG is 1.7 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.
BCG vs IGC: side by side
| BCG (Binah Capital Group, Inc.) | IGC (IGC Pharma, Inc.) | |
|---|---|---|
| 1-year return | -26.0% | -25.8% |
| 5-year return | n/a | -79.0% |
| Volatility (ann.) | 116.2% | 67.5% |
| Beta vs S&P 500 | 0.48 | 0.66 |
| Max drawdown (3Y) | -89.9% | -65.2% |
| Market cap | – | – |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCG | IGC |
|---|---|---|
| 2022 | – | -67.3% |
| 2023 | – | -12.5% |
| 2024 | – | +21.4% |
| 2025 | -2.0% | -17.6% |
| 2026 | -49.7% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCG and IGC good diversifiers for each other?
Yes. With a correlation of -0.28, BCG and IGC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BCG and IGC?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.08 over the last year and n/a over 5 years.
Is IGC a good diversifier for BCG?
Yes. With a correlation of -0.28, BCG and IGC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/bcg-vs-igc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bcg-vs-igc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCG correlations · IGC correlations
