BKYI vs FVRR: Correlation
Measured on weekly returns over the past three years, BIO-key International, Inc. (BKYI) and Fiverr International Ltd. (FVRR) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKYI and FVRR?
Over the past 3 years, BKYI and FVRR moved with a correlation of 0.39, which is moderate. The link has loosened recently: the 1-year correlation (0.20) runs below the 3-year figure (0.39). Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 1939.6 %².
FVRR is one of the assets that tracks BKYI most closely: it ranks #3 out of the 10 assets we track against BKYI. Their 12-month results are close: -58.7% for BKYI against -59.5% for FVRR. One caveat on sizing: BKYI is 2.0 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.
BKYI vs FVRR: side by side
| BKYI (BIO-key International, Inc.) | FVRR (Fiverr International Ltd.) | |
|---|---|---|
| 1-year return | -58.7% | -59.5% |
| 5-year return | -99.5% | -94.9% |
| Volatility (ann.) | 99.3% | 50.3% |
| Beta vs S&P 500 | 1.01 | 1.08 |
| Max drawdown (3Y) | -97.1% | -75.6% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 11.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKYI | FVRR |
|---|---|---|
| 2022 | -73.3% | -74.4% |
| 2023 | -71.8% | -6.6% |
| 2024 | -43.0% | +16.6% |
| 2025 | -68.4% | -37.7% |
| 2026 | -42.6% | -52.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKYI and FVRR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BKYI and FVRR?
The BKYI/FVRR correlation stands at 0.39 on a 3-year window (1 year: 0.20, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is FVRR a good diversifier for BKYI?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bkyi-vs-fvrr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bkyi-vs-fvrr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BKYI correlations · FVRR correlations
