BGSF vs USAR: Correlation
BGSF, Inc. (BGSF) and USA Rare Earth, Inc. (USAR) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BGSF and USAR?
Over the past 3 years, BGSF and USAR moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.25 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1348.6 %².
Out of 12 assets tracked against BGSF, USAR lands near the bottom at #12. Twelve-month performance is nearly a tie, at +19.8% for BGSF and +22.7% for USAR. One caveat on sizing: USAR is 1.8 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 USAR: side by side
| BGSF (BGSF, Inc.) | USAR (USA Rare Earth, Inc.) | |
|---|---|---|
| 1-year return | +19.8% | +22.7% |
| 5-year return | -36.0% | n/a |
| Volatility (ann.) | 54.3% | 98.3% |
| Beta vs S&P 500 | 0.47 | -0.14 |
| Max drawdown (3Y) | -71.9% | -69.2% |
| Market cap | $0.1B | $4.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BGSF | USAR |
|---|---|---|
| 2022 | +11.7% | – |
| 2023 | -35.1% | – |
| 2024 | -43.4% | +11.1% |
| 2025 | +23.0% | +3.7% |
| 2026 | +15.8% | +61.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BGSF and USAR good diversifiers for each other?
Yes. With a correlation of -0.25, BGSF and USAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BGSF and USAR?
The BGSF/USAR correlation stands at -0.25 on a 3-year window (1 year: -0.29, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is USAR a good diversifier for BGSF?
Yes. With a correlation of -0.25, BGSF and USAR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bgsf-vs-usar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bgsf-vs-usar/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BGSF correlations · USAR correlations
