BESS vs SMWB: Correlation
How closely do Bimergen Energy Corporation (BESS) and Similarweb Ltd. (SMWB) trade together? Their weekly returns over three years give a correlation of -0.32, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BESS and SMWB?
On 3 years of weekly data the BESS/SMWB correlation comes out at -0.32, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.24) than the 3-year average (-0.32). The 5-year figure is -0.25, and annualized covariance runs at -111238.9 %².
By 3-year correlation, SMWB places #44 of the 51 assets tracked against BESS. Their recent paths diverged sharply: over the last 12 months SMWB outperformed by 44.5 percentage points (-50.4% for BESS against -5.9% for SMWB). Risk is not evenly split, since BESS carries 75.5 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 SMWB: side by side
| BESS (Bimergen Energy Corporation) | SMWB (Similarweb Ltd.) | |
|---|---|---|
| 1-year return | -50.4% | -5.9% |
| 5-year return | -87.7% | -52.1% |
| Volatility (ann.) | 5140.2% | 68.1% |
| Beta vs S&P 500 | 17.01 | 0.91 |
| Max drawdown (3Y) | -99.5% | -86.7% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BESS | SMWB |
|---|---|---|
| 2022 | -30.0% | -64.1% |
| 2023 | -14.3% | -17.1% |
| 2024 | +16.7% | +165.9% |
| 2025 | +7.1% | -47.1% |
| 2026 | -70.5% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BESS and SMWB good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BESS and SMWB?
As of 2026-08-27, the correlation of weekly returns between BESS and SMWB is -0.32 over 3 years, 0.24 over 1 year and -0.25 over 5 years.
Is SMWB a good diversifier for BESS?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 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-smwb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bess-vs-smwb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BESS correlations · SMWB correlations
