BGM vs KELYB: Correlation
BGM Group Ltd. - Class A (BGM) and Kelly Services, Inc. (KELYB) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGM and KELYB?
On 3 years of weekly data the BGM/KELYB correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.20 over 3 years. The 5-year figure is -0.16, and annualized covariance runs at -1247.6 %².
Out of 11 assets tracked against BGM, KELYB lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months KELYB outperformed by 159.2 percentage points (-96.4% for BGM against +62.8% for KELYB). One caveat on sizing: BGM is 1.7 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.
BGM vs KELYB: side by side
| BGM (BGM Group Ltd. - Class A) | KELYB (Kelly Services, Inc.) | |
|---|---|---|
| 1-year return | -96.4% | +62.8% |
| 5-year return | -98.5% | +26.3% |
| Volatility (ann.) | 101.6% | 60.8% |
| Beta vs S&P 500 | 0.50 | 0.40 |
| Max drawdown (3Y) | -98.5% | -66.9% |
| Market cap | $0.1B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.38% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGM | KELYB |
|---|---|---|
| 2022 | -72.1% | +3.1% |
| 2023 | +7.5% | +27.5% |
| 2024 | +119.2% | -34.7% |
| 2025 | -56.3% | -35.9% |
| 2026 | -92.1% | +170.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGM and KELYB good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between BGM and KELYB?
The BGM/KELYB correlation stands at -0.20 on a 3-year window (1 year: -0.38, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is KELYB a good diversifier for BGM?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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/bgm-vs-kelyb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgm-vs-kelyb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BGM correlations · KELYB correlations
