BETR vs BJ: Correlation
Better Home & Finance Holding Company (BETR) and BJ's Wholesale Club Holdings, Inc. (BJ) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BETR and BJ?
Over the past 3 years, BETR and BJ moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.18 over 3. Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -475.8 %².
Among the 12 assets we track against BETR, BJ sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months BJ outperformed by 24.6 percentage points (-31.5% for BETR against -6.9% for BJ). Risk is not evenly split, since BETR carries 3.8 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.
BETR vs BJ: side by side
| BETR (Better Home & Finance Holding Company) | BJ (BJ's Wholesale Club Holdings, Inc.) | |
|---|---|---|
| 1-year return | -31.5% | -6.9% |
| 5-year return | -97.1% | +59.5% |
| Volatility (ann.) | 101.5% | 26.4% |
| Beta vs S&P 500 | 1.13 | -0.14 |
| Max drawdown (3Y) | -86.5% | -30.1% |
| Market cap | $0.3B | $11.4B |
| P/E (trailing) | – | 20.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BETR | BJ |
|---|---|---|
| 2022 | +1.9% | -1.2% |
| 2023 | -91.9% | +0.8% |
| 2024 | -78.2% | +34.0% |
| 2025 | +265.2% | +0.8% |
| 2026 | -55.2% | +0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BETR and BJ good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between BETR and BJ?
As of 2026-08-27, the correlation of weekly returns between BETR and BJ is -0.18 over 3 years, -0.18 over 1 year and -0.02 over 5 years.
Is BJ a good diversifier for BETR?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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.
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Related comparisons
Hubs: BETR correlations · BJ correlations
