BGSF vs INV: Correlation
Measured on weekly returns over the past three years, BGSF, Inc. (BGSF) and Innventure, Inc. (INV) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGSF and INV?
Across a 3-year window, the weekly returns of BGSF and INV correlate at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. Stretching to 5 years gives 0.28, with an annualized covariance of 1545.5 %².
By 3-year correlation, INV places #6 of the 12 assets tracked against BGSF. The last year tells two different stories: BGSF led by 89.2 percentage points, +19.8% for BGSF against -69.4% for INV. One caveat on sizing: INV 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.
BGSF vs INV: side by side
| BGSF (BGSF, Inc.) | INV (Innventure, Inc.) | |
|---|---|---|
| 1-year return | +19.8% | -69.4% |
| 5-year return | -36.0% | -85.4% |
| Volatility (ann.) | 54.3% | 90.9% |
| Beta vs S&P 500 | 0.47 | 1.31 |
| Max drawdown (3Y) | -71.9% | -90.4% |
| 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 | INV |
|---|---|---|
| 2022 | +11.7% | +1.1% |
| 2023 | -35.1% | +7.3% |
| 2024 | -43.4% | +27.8% |
| 2025 | +23.0% | -69.8% |
| 2026 | +15.8% | -65.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGSF and INV good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BGSF and INV?
The BGSF/INV correlation stands at 0.31 on a 3-year window (1 year: 0.27, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is INV a good diversifier for BGSF?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 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-inv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bgsf-vs-inv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BGSF correlations · INV correlations
