BCV vs ORA: Correlation
Measured on weekly returns over the past three years, Bancroft Fund, Ltd. (BCV) and Ormat Technologies, Inc. (ORA) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCV and ORA?
Across a 3-year window, the weekly returns of BCV and ORA correlate at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Stretching to 5 years gives 0.48, with an annualized covariance of 240.4 %².
By 3-year correlation, ORA places #11 of the 20 assets tracked against BCV. Over the last 12 months BCV came out ahead by 14.1 percentage points (+28.3% against +14.2%). Note the risk asymmetry: ORA 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.
BCV vs ORA: side by side
| BCV (Bancroft Fund, Ltd.) | ORA (Ormat Technologies, Inc.) | |
|---|---|---|
| 1-year return | +28.3% | +14.2% |
| 5-year return | +22.7% | +53.7% |
| Volatility (ann.) | 17.6% | 27.5% |
| Beta vs S&P 500 | 0.68 | 0.55 |
| Max drawdown (3Y) | -14.6% | -35.0% |
| Market cap | $0.1B | $6.5B |
| P/E (trailing) | 3.7 | 50.7 |
| Dividend yield | 5.42% | 0.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCV | ORA |
|---|---|---|
| 2022 | -33.7% | +9.7% |
| 2023 | +5.6% | -11.8% |
| 2024 | +19.8% | -10.1% |
| 2025 | +33.4% | +64.1% |
| 2026 | +16.1% | -4.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCV and ORA good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BCV and ORA?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.41 over the last year and 0.48 over 5 years.
Is ORA a good diversifier for BCV?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BCV correlations · ORA correlations
