BGI vs HSDT: Correlation
Measured on weekly returns over the past three years, Birks Group Inc. (BGI) and Solana Company (HSDT) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGI and HSDT?
On 3 years of weekly data the BGI/HSDT correlation comes out at 0.40, moderate. The link has tightened recently: the 1-year correlation (0.66) runs above the 3-year figure (0.40). The 5-year figure is 0.29, and annualized covariance runs at 4552.5 %².
HSDT is one of the assets that tracks BGI most closely: it ranks #1 out of the 10 assets we track against BGI. The trailing year gives BGI the advantage: -51.4% versus -60.7%, a 9.3-point spread. One caveat on sizing: HSDT is 2.8 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.
BGI vs HSDT: side by side
| BGI (Birks Group Inc.) | HSDT (Solana Company) | |
|---|---|---|
| 1-year return | -51.4% | -60.7% |
| 5-year return | -88.1% | -100.0% |
| Volatility (ann.) | 64.1% | 177.7% |
| Beta vs S&P 500 | 0.38 | 0.34 |
| Max drawdown (3Y) | -93.1% | -100.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGI | HSDT |
|---|---|---|
| 2022 | +63.5% | -94.1% |
| 2023 | -40.9% | -47.6% |
| 2024 | -65.7% | -91.7% |
| 2025 | -44.1% | -99.4% |
| 2026 | -61.1% | -15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGI and HSDT good diversifiers for each other?
Reasonably. At 0.40, BGI and HSDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BGI and HSDT?
The BGI/HSDT correlation stands at 0.40 on a 3-year window (1 year: 0.66, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is HSDT a good diversifier for BGI?
Reasonably. At 0.40, BGI and HSDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bgi-vs-hsdt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgi-vs-hsdt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BGI correlations · HSDT correlations
