BKHA vs LITS: Correlation
How closely do Black Hawk Acquisition Corporation - Class A (BKHA) and Lite Strategy, Inc. (LITS) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKHA and LITS?
Across a 3-year window, the weekly returns of BKHA and LITS correlate at 0.31, moderate. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.31). Stretching to 5 years gives n/a, with an annualized covariance of 184.1 %².
By 3-year correlation, LITS places #4 of the 10 assets tracked against BKHA. Their recent paths diverged sharply: over the last 12 months BKHA outperformed by 88.6 percentage points (+8.0% for BKHA against -80.6% for LITS). Risk is not evenly split, since LITS carries 15.8 times the volatility of the other side.
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 LITS: side by side
| BKHA (Black Hawk Acquisition Corporation - Class A) | LITS (Lite Strategy, Inc.) | |
|---|---|---|
| 1-year return | +8.0% | -80.6% |
| 5-year return | n/a | -97.7% |
| Volatility (ann.) | 5.9% | 93.2% |
| Beta vs S&P 500 | 0.02 | 0.44 |
| Max drawdown (3Y) | -10.1% | -89.2% |
| Market cap | – | – |
| P/E (trailing) | 99.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKHA | LITS |
|---|---|---|
| 2022 | – | -91.0% |
| 2023 | – | +55.6% |
| 2024 | – | -57.6% |
| 2025 | +8.4% | -46.3% |
| 2026 | +5.6% | -24.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKHA and LITS good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BKHA and LITS?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.02 over the last year and n/a over 5 years.
Is LITS a good diversifier for BKHA?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: BKHA correlations · LITS correlations
