BGSF vs PXLW: Correlation
Measured on weekly returns over the past three years, BGSF, Inc. (BGSF) and Pixelworks, Inc. (PXLW) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGSF and PXLW?
Over the past 3 years, BGSF and PXLW moved with a correlation of 0.36, which is moderate. The past 12 months show a weaker link (0.15) than the 3-year average (0.36). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 1945.7 %².
PXLW is one of the assets that tracks BGSF most closely: it ranks #3 out of the 12 assets we track against BGSF. The last year tells two different stories: BGSF led by 33.4 percentage points, +19.8% for BGSF against -13.6% for PXLW. Risk is not evenly split, since PXLW carries 1.8 times the volatility of the other side.
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 PXLW: side by side
| BGSF (BGSF, Inc.) | PXLW (Pixelworks, Inc.) | |
|---|---|---|
| 1-year return | +19.8% | -13.6% |
| 5-year return | -36.0% | -90.7% |
| Volatility (ann.) | 54.3% | 99.0% |
| Beta vs S&P 500 | 0.47 | 1.41 |
| Max drawdown (3Y) | -71.9% | -86.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGSF | PXLW |
|---|---|---|
| 2022 | +11.7% | -59.8% |
| 2023 | -35.1% | -26.0% |
| 2024 | -43.4% | -44.3% |
| 2025 | +23.0% | -27.4% |
| 2026 | +15.8% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGSF and PXLW good diversifiers for each other?
Reasonably. At 0.36, BGSF and PXLW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BGSF and PXLW?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.15 over the last year and 0.35 over 5 years.
Is PXLW a good diversifier for BGSF?
Reasonably. At 0.36, BGSF and PXLW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/bgsf-vs-pxlw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bgsf-vs-pxlw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BGSF correlations · PXLW correlations
