BGI vs MLCI: Correlation
Birks Group Inc. (BGI) and Mount Logan Capital Inc. (MLCI) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGI and MLCI?
Across a 3-year window, the weekly returns of BGI and MLCI correlate at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.55) runs above the 3-year figure (0.39). Stretching to 5 years gives 0.25, with an annualized covariance of 1366.5 %².
In BGI's tracked universe of 10 assets, MLCI sits right near the top at #2. Correlation aside, the last 12 months split them widely, with MLCI ahead by 21.2 points (-51.4% versus -30.2%).
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 MLCI: side by side
| BGI (Birks Group Inc.) | MLCI (Mount Logan Capital Inc.) | |
|---|---|---|
| 1-year return | -51.4% | -30.2% |
| 5-year return | -88.1% | -55.0% |
| Volatility (ann.) | 64.1% | 54.8% |
| Beta vs S&P 500 | 0.38 | 0.45 |
| Max drawdown (3Y) | -93.1% | -68.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 4.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGI | MLCI |
|---|---|---|
| 2022 | +63.5% | -28.2% |
| 2023 | -40.9% | -22.3% |
| 2024 | -65.7% | -10.5% |
| 2025 | -44.1% | +125.7% |
| 2026 | -61.1% | -60.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGI and MLCI good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BGI and MLCI?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.55 over the last year and 0.25 over 5 years.
Is MLCI a good diversifier for BGI?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bgi-vs-mlci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bgi-vs-mlci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BGI correlations · MLCI correlations
