BLBD vs BVS: Correlation
Blue Bird Corporation (BLBD) and Bioventus Inc. (BVS) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLBD and BVS?
Over the past 3 years, BLBD and BVS moved with a correlation of 0.46, which is moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.46). Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 1214.1 %².
Within BLBD's tracked universe of 12 assets, BVS comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BVS outperformed by 81.1 percentage points (+3.0% for BLBD against +84.1% for BVS).
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.
BLBD vs BVS: side by side
| BLBD (Blue Bird Corporation) | BVS (Bioventus Inc.) | |
|---|---|---|
| 1-year return | +3.0% | +84.1% |
| 5-year return | +182.6% | -6.2% |
| Volatility (ann.) | 49.8% | 52.7% |
| Beta vs S&P 500 | 0.95 | 0.89 |
| Max drawdown (3Y) | -45.9% | -55.2% |
| Market cap | $1.9B | $0.9B |
| P/E (trailing) | 7.2 | 17.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLBD | BVS |
|---|---|---|
| 2022 | -31.5% | -82.0% |
| 2023 | +151.7% | +101.9% |
| 2024 | +43.3% | +99.2% |
| 2025 | +21.7% | -29.1% |
| 2026 | +27.5% | +85.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLBD and BVS good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BLBD and BVS?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.22 over the last year and 0.23 over 5 years.
Is BVS a good diversifier for BLBD?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/blbd-vs-bvs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/blbd-vs-bvs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLBD correlations · BVS correlations
