BE vs SEI: Correlation
Measured on weekly returns over the past three years, Bloom Energy Corporation (BE) and Solaris Energy Infrastructure, Inc. (SEI) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BE and SEI?
On 3 years of weekly data the BE/SEI correlation comes out at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 3259.1 %².
Among the 12 assets we track against BE, SEI ranks #4 by 3-year correlation. The last year tells two different stories: BE led by 248.2 percentage points, +328.4% for BE against +80.2% for SEI.
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.
BE vs SEI: side by side
| BE (Bloom Energy Corporation) | SEI (Solaris Energy Infrastructure, Inc.) | |
|---|---|---|
| 1-year return | +328.4% | +80.2% |
| 5-year return | +914.6% | +759.3% |
| Volatility (ann.) | 94.3% | 72.5% |
| Beta vs S&P 500 | 2.56 | 1.79 |
| Max drawdown (3Y) | -52.7% | -55.4% |
| Market cap | $64.2B | $5.3B |
| P/E (trailing) | 286.6 | 66.1 |
| Dividend yield | 0.00% | 0.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BE | SEI |
|---|---|---|
| 2022 | -12.8% | +57.5% |
| 2023 | -22.6% | -15.7% |
| 2024 | +50.1% | +277.7% |
| 2025 | +291.2% | +62.3% |
| 2026 | +150.7% | +15.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BE and SEI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BE and SEI?
As of 2026-08-27, the correlation of weekly returns between BE and SEI is 0.48 over 3 years, 0.57 over 1 year and 0.40 over 5 years.
Is SEI a good diversifier for BE?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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
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Related comparisons
Hubs: BE correlations · SEI correlations
