BESS vs BIO: Correlation
Bimergen Energy Corporation (BESS) and Bio-Rad Laboratories, Inc. (BIO) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BESS and BIO?
Over the past 3 years, BESS and BIO moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.05 versus -0.29 over 3 years. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -56883.5 %².
Among the 51 assets we track against BESS, BIO ranks #41 by 3-year correlation. The last year tells two different stories: BIO led by 83.6 percentage points, -50.4% for BESS against +33.2% for BIO. Risk is not evenly split, since BESS carries 133.9 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.
BESS vs BIO: side by side
| BESS (Bimergen Energy Corporation) | BIO (Bio-Rad Laboratories, Inc.) | |
|---|---|---|
| 1-year return | -50.4% | +33.2% |
| 5-year return | -87.7% | -52.1% |
| Volatility (ann.) | 5140.2% | 38.4% |
| Beta vs S&P 500 | 17.01 | 0.85 |
| Max drawdown (3Y) | -99.5% | -45.9% |
| Market cap | – | $10.4B |
| P/E (trailing) | – | 47.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BESS | BIO |
|---|---|---|
| 2022 | -30.0% | -44.3% |
| 2023 | -14.3% | -23.2% |
| 2024 | +16.7% | +1.7% |
| 2025 | +7.1% | -7.8% |
| 2026 | -70.5% | +28.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BESS and BIO good diversifiers for each other?
Yes. With a correlation of -0.29, BESS and BIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BESS and BIO?
The BESS/BIO correlation stands at -0.29 on a 3-year window (1 year: -0.05, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is BIO a good diversifier for BESS?
Yes. With a correlation of -0.29, BESS and BIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 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/bess-vs-bio.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bess-vs-bio/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BESS correlations · BIO correlations
