BKHA vs ITGR: Correlation
Measured on weekly returns over the past three years, Black Hawk Acquisition Corporation - Class A (BKHA) and Integer Holdings Corporation (ITGR) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKHA and ITGR?
Across a 3-year window, the weekly returns of BKHA and ITGR correlate at -0.38, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.45 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -77.5 %².
Among the 10 assets we track against BKHA, ITGR sits near the bottom by co-movement, at rank #10. Over the last 12 months ITGR came out ahead by 7.9 percentage points (+8.0% against +15.9%). Note the risk asymmetry: ITGR runs 5.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BKHA vs ITGR: side by side
| BKHA (Black Hawk Acquisition Corporation - Class A) | ITGR (Integer Holdings Corporation) | |
|---|---|---|
| 1-year return | +8.0% | +15.9% |
| 5-year return | n/a | +28.7% |
| Volatility (ann.) | 5.9% | 33.7% |
| Beta vs S&P 500 | 0.02 | 0.56 |
| Max drawdown (3Y) | -10.1% | -56.1% |
| Market cap | – | $4.3B |
| P/E (trailing) | 99.0 | 34.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKHA | ITGR |
|---|---|---|
| 2022 | – | -20.0% |
| 2023 | – | +44.7% |
| 2024 | – | +33.8% |
| 2025 | +8.4% | -40.8% |
| 2026 | +5.6% | +59.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKHA and ITGR good diversifiers for each other?
Yes. With a correlation of -0.38, BKHA and ITGR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BKHA and ITGR?
As of 2026-08-27, the correlation of weekly returns between BKHA and ITGR is -0.38 over 3 years, -0.45 over 1 year and n/a over 5 years.
Is ITGR a good diversifier for BKHA?
Yes. With a correlation of -0.38, BKHA and ITGR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.38 mean?
A reading of -0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BKHA correlations · ITGR correlations
