BHST vs WRN: Correlation
BioHarvest Sciences Inc. (BHST) and Western Copper and Gold Corporation (WRN) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHST and WRN?
On 3 years of weekly data the BHST/WRN correlation comes out at 0.35, moderate. The past 12 months show a tighter link (0.48) than the 3-year average (0.35). The 5-year figure is 0.25, and annualized covariance runs at 1138.1 %².
Within BHST's tracked universe of 10 assets, WRN comes in at #5 by 3-year correlation. The last year tells two different stories: WRN led by 160.4 percentage points, -78.0% for BHST against +82.4% for WRN.
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 WRN: side by side
| BHST (BioHarvest Sciences Inc.) | WRN (Western Copper and Gold Corporation) | |
|---|---|---|
| 1-year return | -78.0% | +82.4% |
| 5-year return | -83.4% | +50.6% |
| Volatility (ann.) | 61.8% | 53.2% |
| Beta vs S&P 500 | 0.85 | 0.99 |
| Max drawdown (3Y) | -85.4% | -50.1% |
| Market cap | – | $0.6B |
| P/E (trailing) | – | 259.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHST | WRN |
|---|---|---|
| 2022 | -39.4% | +14.1% |
| 2023 | -27.5% | -25.3% |
| 2024 | +11.8% | -21.1% |
| 2025 | -16.0% | +154.3% |
| 2026 | -64.4% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHST and WRN good diversifiers for each other?
Reasonably. At 0.35, BHST and WRN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BHST and WRN?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.48 over the last year and 0.25 over 5 years.
Is WRN a good diversifier for BHST?
Reasonably. At 0.35, BHST and WRN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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/bhst-vs-wrn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bhst-vs-wrn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BHST correlations · WRN correlations
