BESS vs NIVF: Correlation
How closely do Bimergen Energy Corporation (BESS) and NewGenIvf Group Limited - Class A (NIVF) trade together? Their weekly returns over three years give a correlation of 0.98, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BESS and NIVF?
Across a 3-year window, the weekly returns of BESS and NIVF correlate at 0.98, very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.10) than the 3-year average (0.98). Stretching to 5 years gives 0.98, with an annualized covariance of 4041834.7 %².
NIVF is one of the assets that tracks BESS most closely: it ranks #1 out of the 51 assets we track against BESS. The last year tells two different stories: BESS led by 49.5 percentage points, -50.4% for BESS against -99.9% for NIVF. One caveat on sizing: BESS is 6.4 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.
BESS vs NIVF: side by side
| BESS (Bimergen Energy Corporation) | NIVF (NewGenIvf Group Limited - Class A) | |
|---|---|---|
| 1-year return | -50.4% | -99.9% |
| 5-year return | -87.7% | -100.0% |
| Volatility (ann.) | 5140.2% | 800.3% |
| Beta vs S&P 500 | 17.01 | 5.34 |
| Max drawdown (3Y) | -99.5% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BESS | NIVF |
|---|---|---|
| 2022 | -30.0% | – |
| 2023 | -14.3% | +6.9% |
| 2024 | +16.7% | -96.3% |
| 2025 | +7.1% | -99.3% |
| 2026 | -70.5% | -98.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BESS and NIVF good diversifiers for each other?
No: a correlation of 0.98 means BESS and NIVF tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BESS and NIVF?
As of 2026-08-27, the correlation of weekly returns between BESS and NIVF is 0.98 over 3 years, 0.10 over 1 year and 0.98 over 5 years.
Is NIVF a good diversifier for BESS?
No: a correlation of 0.98 means BESS and NIVF tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.98 mean?
On the −1 to +1 scale, 0.98 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.
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Related comparisons
Hubs: BESS correlations · NIVF correlations
