BHST vs TMQ: Correlation
BioHarvest Sciences Inc. (BHST) and Trilogy Metals Inc. (TMQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHST and TMQ?
Over the past 3 years, BHST and TMQ moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 3033.7 %².
Few assets follow BHST as closely as TMQ, which ranks #1 of 10 tracked partners. The last year tells two different stories: TMQ led by 204.3 percentage points, -78.0% for BHST against +126.3% for TMQ. Risk is not evenly split, since TMQ carries 2.1 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.
BHST vs TMQ: side by side
| BHST (BioHarvest Sciences Inc.) | TMQ (Trilogy Metals Inc.) | |
|---|---|---|
| 1-year return | -78.0% | +126.3% |
| 5-year return | -83.4% | +85.3% |
| Volatility (ann.) | 61.8% | 131.6% |
| Beta vs S&P 500 | 0.85 | 0.28 |
| Max drawdown (3Y) | -85.4% | -72.5% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHST | TMQ |
|---|---|---|
| 2022 | -39.4% | -66.7% |
| 2023 | -27.5% | -21.8% |
| 2024 | +11.8% | +169.8% |
| 2025 | -16.0% | +271.6% |
| 2026 | -64.4% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHST and TMQ good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BHST and TMQ?
The BHST/TMQ correlation stands at 0.37 on a 3-year window (1 year: 0.45, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is TMQ a good diversifier for BHST?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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.
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Related comparisons
Hubs: BHST correlations · TMQ correlations
