BESS vs SFL: Correlation
How closely do Bimergen Energy Corporation (BESS) and SFL Corporation Ltd (SFL) trade together? Their weekly returns over three years give a correlation of -0.28, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BESS and SFL?
Across a 3-year window, the weekly returns of BESS and SFL correlate at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.18) than the 3-year average (-0.28). Stretching to 5 years gives -0.21, with an annualized covariance of -39740.3 %².
By 3-year correlation, SFL places #39 of the 51 assets tracked against BESS. Correlation aside, the last 12 months split them widely, with SFL ahead by 105.8 points (-50.4% versus +55.4%). Risk is not evenly split, since BESS carries 183.6 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 SFL: side by side
| BESS (Bimergen Energy Corporation) | SFL (SFL Corporation Ltd) | |
|---|---|---|
| 1-year return | -50.4% | +55.4% |
| 5-year return | -87.7% | +130.7% |
| Volatility (ann.) | 5140.2% | 28.0% |
| Beta vs S&P 500 | 17.01 | 0.53 |
| Max drawdown (3Y) | -99.5% | -46.4% |
| Market cap | – | $1.7B |
| P/E (trailing) | – | 25.2 |
| Dividend yield | 0.00% | 3.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BESS | SFL |
|---|---|---|
| 2022 | -30.0% | +23.5% |
| 2023 | -14.3% | +34.5% |
| 2024 | +16.7% | -0.8% |
| 2025 | +7.1% | -18.6% |
| 2026 | -70.5% | +64.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BESS and SFL good diversifiers for each other?
Yes. With a correlation of -0.28, BESS and SFL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BESS and SFL?
As of 2026-08-27, the correlation of weekly returns between BESS and SFL is -0.28 over 3 years, -0.18 over 1 year and -0.21 over 5 years.
Is SFL a good diversifier for BESS?
Yes. With a correlation of -0.28, BESS and SFL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 mean?
A reading of -0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BESS correlations · SFL correlations
