BILL vs SDA: Correlation
BILL Holdings, Inc. (BILL) and SunCar Technology Group Inc. (SDA) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BILL and SDA?
On 3 years of weekly data the BILL/SDA correlation comes out at 0.32, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.19 versus 0.32 over 3 years. The 5-year figure is 0.15, and annualized covariance runs at 1551.9 %².
Within BILL's tracked universe of 13 assets, SDA comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BILL outperformed by 88.1 percentage points (+17.4% for BILL against -70.7% for SDA).
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.
BILL vs SDA: side by side
| BILL (BILL Holdings, Inc.) | SDA (SunCar Technology Group Inc.) | |
|---|---|---|
| 1-year return | +17.4% | -70.7% |
| 5-year return | -82.7% | -92.6% |
| Volatility (ann.) | 57.0% | 84.1% |
| Beta vs S&P 500 | 1.26 | 0.35 |
| Max drawdown (3Y) | -73.0% | -95.7% |
| Market cap | $4.9B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BILL | SDA |
|---|---|---|
| 2022 | -56.3% | +4.3% |
| 2023 | -25.1% | -20.3% |
| 2024 | +3.8% | +17.0% |
| 2025 | -35.6% | -79.1% |
| 2026 | -10.4% | -63.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BILL and SDA good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BILL and SDA?
As of 2026-08-27, the correlation of weekly returns between BILL and SDA is 0.32 over 3 years, 0.19 over 1 year and 0.15 over 5 years.
Is SDA a good diversifier for BILL?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 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/bill-vs-sda.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bill-vs-sda/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BILL correlations · SDA correlations
