BELFB vs LIEN: Correlation
Measured on weekly returns over the past three years, Bel Fuse Inc. (BELFB) and Chicago Atlantic BDC, Inc. (LIEN) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BELFB and LIEN?
On 3 years of weekly data the BELFB/LIEN correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. The 5-year figure is -0.11, and annualized covariance runs at -311.2 %².
LIEN is close to the least connected end of BELFB's tracked universe, ranking #11 of 14. The last year tells two different stories: BELFB led by 78.5 percentage points, +83.7% for BELFB against +5.2% for LIEN. Note the risk asymmetry: BELFB runs 1.9 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.
BELFB vs LIEN: side by side
| BELFB (Bel Fuse Inc.) | LIEN (Chicago Atlantic BDC, Inc.) | |
|---|---|---|
| 1-year return | +83.7% | +5.2% |
| 5-year return | +1827.0% | +11.0% |
| Volatility (ann.) | 49.1% | 26.5% |
| Beta vs S&P 500 | 1.30 | 0.23 |
| Max drawdown (3Y) | -33.4% | -22.5% |
| Market cap | $3.7B | $0.2B |
| P/E (trailing) | 65.2 | 7.3 |
| Dividend yield | 0.09% | 13.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BELFB | LIEN |
|---|---|---|
| 2022 | +158.7% | – |
| 2023 | +104.2% | -1.1% |
| 2024 | +24.0% | +58.6% |
| 2025 | +106.3% | -4.0% |
| 2026 | +52.0% | +5.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BELFB and LIEN good diversifiers for each other?
Yes. With a correlation of -0.24, BELFB and LIEN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BELFB and LIEN?
As of 2026-08-27, the correlation of weekly returns between BELFB and LIEN is -0.24 over 3 years, -0.26 over 1 year and -0.11 over 5 years.
Is LIEN a good diversifier for BELFB?
Yes. With a correlation of -0.24, BELFB and LIEN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/belfb-vs-lien.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/belfb-vs-lien/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BELFB correlations · LIEN correlations
