BIRD vs DOO: Correlation
Smartbird, Inc. (BIRD) and BRP Inc. - Common Subordinate Voting Shares (DOO) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BIRD and DOO?
Across a 3-year window, the weekly returns of BIRD and DOO correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.52 versus -0.26 over 3 years. Stretching to 5 years gives -0.12, with an annualized covariance of -2400.1 %².
Out of 17 assets tracked against BIRD, DOO lands near the bottom at #14. Their recent paths diverged sharply: over the last 12 months DOO outperformed by 61.4 percentage points (-51.4% for BIRD against +10.0% for DOO). One caveat on sizing: BIRD is 5.4 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.
BIRD vs DOO: side by side
| BIRD (Smartbird, Inc.) | DOO (BRP Inc. - Common Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | -51.4% | +10.0% |
| 5-year return | -99.5% | -24.2% |
| Volatility (ann.) | 225.6% | 41.6% |
| Beta vs S&P 500 | 3.94 | 0.66 |
| Max drawdown (3Y) | -92.3% | -58.9% |
| Market cap | – | $4.6B |
| P/E (trailing) | – | 20.0 |
| Dividend yield | 0.00% | 1.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BIRD | DOO |
|---|---|---|
| 2022 | -84.0% | -12.3% |
| 2023 | -49.4% | -5.4% |
| 2024 | -71.6% | -28.3% |
| 2025 | -41.2% | +40.8% |
| 2026 | -22.7% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BIRD and DOO good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between BIRD and DOO?
As of 2026-08-27, the correlation of weekly returns between BIRD and DOO is -0.26 over 3 years, -0.52 over 1 year and -0.12 over 5 years.
Is DOO a good diversifier for BIRD?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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/bird-vs-doo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bird-vs-doo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BIRD correlations · DOO correlations
