BKSY vs CVU: Correlation
How closely do BlackSky Technology Inc. (BKSY) and CPI Aerostructures, Inc. (CVU) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKSY and CVU?
On 3 years of weekly data the BKSY/CVU correlation comes out at 0.32, moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. The 5-year figure is 0.19, and annualized covariance runs at 1584.2 %².
Out of 14 assets tracked against BKSY, CVU lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with CVU ahead by 83.5 points (+36.3% versus +119.8%). One caveat on sizing: BKSY is 1.6 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.
BKSY vs CVU: side by side
| BKSY (BlackSky Technology Inc.) | CVU (CPI Aerostructures, Inc.) | |
|---|---|---|
| 1-year return | +36.3% | +119.8% |
| 5-year return | -69.1% | +71.7% |
| Volatility (ann.) | 90.5% | 55.3% |
| Beta vs S&P 500 | 2.48 | 0.70 |
| Max drawdown (3Y) | -69.1% | -63.8% |
| Market cap | $1.0B | $0.1B |
| P/E (trailing) | – | 18.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKSY | CVU |
|---|---|---|
| 2022 | -65.7% | +17.2% |
| 2023 | -9.1% | -14.7% |
| 2024 | -3.7% | +48.4% |
| 2025 | +73.8% | -2.2% |
| 2026 | +32.1% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKSY and CVU 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 BKSY and CVU?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.32 over the last year and 0.19 over 5 years.
Is CVU a good diversifier for BKSY?
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.
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Related comparisons
Hubs: BKSY correlations · CVU correlations
