BHV vs FEMY: Correlation
Measured on weekly returns over the past three years, BlackRock Virginia Municipal Bond Trust (BHV) and Femasys Inc. (FEMY) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHV and FEMY?
On 3 years of weekly data the BHV/FEMY correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.12) than the 3-year average (-0.28). The 5-year figure is -0.13, and annualized covariance runs at -1789.7 %².
Out of 10 assets tracked against BHV, FEMY lands near the bottom at #10. The last year tells two different stories: BHV led by 92.7 percentage points, +31.5% for BHV against -61.2% for FEMY. One caveat on sizing: FEMY is 40.7 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.
BHV vs FEMY: side by side
| BHV (BlackRock Virginia Municipal Bond Trust) | FEMY (Femasys Inc.) | |
|---|---|---|
| 1-year return | +31.5% | -61.2% |
| 5-year return | -16.7% | -98.0% |
| Volatility (ann.) | 12.5% | 509.3% |
| Beta vs S&P 500 | 0.20 | -0.49 |
| Max drawdown (3Y) | -11.5% | -97.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.82% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHV | FEMY |
|---|---|---|
| 2022 | -36.1% | -76.9% |
| 2023 | -1.0% | +8.3% |
| 2024 | +6.0% | +12.8% |
| 2025 | +0.8% | -47.6% |
| 2026 | +24.4% | -75.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHV and FEMY good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between BHV and FEMY?
The BHV/FEMY correlation stands at -0.28 on a 3-year window (1 year: -0.12, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is FEMY a good diversifier for BHV?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 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/bhv-vs-femy.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bhv-vs-femy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BHV correlations · FEMY correlations
