BGSF vs HYPD: Correlation
How closely do BGSF, Inc. (BGSF) and Hyperion DeFi, Inc. (HYPD) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGSF and HYPD?
Across a 3-year window, the weekly returns of BGSF and HYPD correlate at 0.36, moderate. The past 12 months show a tighter link (0.49) than the 3-year average (0.36). Stretching to 5 years gives 0.30, with an annualized covariance of 4180.0 %².
Few assets follow BGSF as closely as HYPD, which ranks #2 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with BGSF ahead by 67.3 points (+19.8% versus -47.5%). One caveat on sizing: HYPD is 4.0 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.
BGSF vs HYPD: side by side
| BGSF (BGSF, Inc.) | HYPD (Hyperion DeFi, Inc.) | |
|---|---|---|
| 1-year return | +19.8% | -47.5% |
| 5-year return | -36.0% | -99.1% |
| Volatility (ann.) | 54.3% | 215.9% |
| Beta vs S&P 500 | 0.47 | 3.08 |
| Max drawdown (3Y) | -71.9% | -99.5% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGSF | HYPD |
|---|---|---|
| 2022 | +11.7% | -59.3% |
| 2023 | -35.1% | +27.6% |
| 2024 | -43.4% | -93.0% |
| 2025 | +23.0% | -69.5% |
| 2026 | +15.8% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGSF and HYPD good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BGSF and HYPD?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.49 over the last year and 0.30 over 5 years.
Is HYPD a good diversifier for BGSF?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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/bgsf-vs-hypd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgsf-vs-hypd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BGSF correlations · HYPD correlations
