BENF vs BQ: Correlation
How closely do Beneficient (BENF) and Boqii Holding Limited Class A (BQ) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BENF and BQ?
Across a 3-year window, the weekly returns of BENF and BQ correlate at 0.47, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.78 versus 0.47 over 3 years. Stretching to 5 years gives 0.44, with an annualized covariance of 22633.4 %².
In BENF's tracked universe of 12 assets, BQ sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months BENF outperformed by 44.0 percentage points (-22.9% for BENF against -66.9% for BQ). One caveat on sizing: BQ is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BENF vs BQ: side by side
| BENF (Beneficient) | BQ (Boqii Holding Limited Class A) | |
|---|---|---|
| 1-year return | -22.9% | -66.9% |
| 5-year return | -100.0% | -99.8% |
| Volatility (ann.) | 176.6% | 275.5% |
| Beta vs S&P 500 | 1.25 | 1.87 |
| Max drawdown (3Y) | -99.9% | -98.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BENF | BQ |
|---|---|---|
| 2022 | +3.7% | -77.1% |
| 2023 | -95.3% | -88.5% |
| 2024 | -98.1% | -22.1% |
| 2025 | +18.0% | -43.6% |
| 2026 | -69.3% | -54.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BENF and BQ good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BENF and BQ?
As of 2026-08-27, the correlation of weekly returns between BENF and BQ is 0.47 over 3 years, 0.78 over 1 year and 0.44 over 5 years.
Is BQ a good diversifier for BENF?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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/benf-vs-bq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/benf-vs-bq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BENF correlations · BQ correlations
