BCV vs ENVX: Correlation
Bancroft Fund, Ltd. (BCV) and Enovix Corporation (ENVX) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCV and ENVX?
On 3 years of weekly data the BCV/ENVX correlation comes out at 0.51, moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.51 over 3. The 5-year figure is 0.48, and annualized covariance runs at 786.5 %².
Among the 20 assets we track against BCV, ENVX ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BCV ahead by 94.2 points (+28.3% versus -65.9%). Risk is not evenly split, since ENVX carries 5.0 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.
BCV vs ENVX: side by side
| BCV (Bancroft Fund, Ltd.) | ENVX (Enovix Corporation) | |
|---|---|---|
| 1-year return | +28.3% | -65.9% |
| 5-year return | +22.7% | -76.8% |
| Volatility (ann.) | 17.6% | 88.0% |
| Beta vs S&P 500 | 0.68 | 2.61 |
| Max drawdown (3Y) | -14.6% | -82.9% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | 3.7 | – |
| Dividend yield | 5.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCV | ENVX |
|---|---|---|
| 2022 | -33.7% | -54.4% |
| 2023 | +5.6% | +0.6% |
| 2024 | +19.8% | -13.2% |
| 2025 | +33.4% | -32.8% |
| 2026 | +16.1% | -50.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCV and ENVX good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BCV and ENVX?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.59 over the last year and 0.48 over 5 years.
Is ENVX a good diversifier for BCV?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/bcv-vs-envx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcv-vs-envx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCV correlations · ENVX correlations
