BCSF vs LSAK: Correlation
Bain Capital Specialty Finance, Inc. (BCSF) and Lesaka Technologies, Inc. (LSAK) show a weak relationship: their 3-year correlation of weekly returns is 0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCSF and LSAK?
On 3 years of weekly data the BCSF/LSAK correlation comes out at 0.23, weak. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. The 5-year figure is 0.16, and annualized covariance runs at 137.3 %².
Among the 15 assets we track against BCSF, LSAK sits near the bottom by co-movement, at rank #12. The trailing year gives LSAK the advantage: -12.0% versus -3.8%, a 8.2-point spread. Note the risk asymmetry: LSAK runs 1.6 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.
BCSF vs LSAK: side by side
| BCSF (Bain Capital Specialty Finance, Inc.) | LSAK (Lesaka Technologies, Inc.) | |
|---|---|---|
| 1-year return | -12.0% | -3.8% |
| 5-year return | +39.1% | +6.3% |
| Volatility (ann.) | 18.9% | 31.0% |
| Beta vs S&P 500 | 0.60 | 0.20 |
| Max drawdown (3Y) | -26.4% | -33.2% |
| Market cap | $0.8B | $0.4B |
| P/E (trailing) | 12.0 | – |
| Dividend yield | 14.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCSF | LSAK |
|---|---|---|
| 2022 | -13.3% | -14.5% |
| 2023 | +42.0% | -28.8% |
| 2024 | +29.5% | +68.2% |
| 2025 | -9.6% | -12.5% |
| 2026 | -8.5% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCSF and LSAK good diversifiers for each other?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BCSF and LSAK?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with 0.27 over the last year and 0.16 over 5 years.
Is LSAK a good diversifier for BCSF?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 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/bcsf-vs-lsak.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bcsf-vs-lsak/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCSF correlations · LSAK correlations
