BLBD vs NYC: Correlation
Blue Bird Corporation (BLBD) and American Strategic Investment Co. (NYC) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLBD and NYC?
On 3 years of weekly data the BLBD/NYC correlation comes out at 0.32, moderate. The link has loosened recently: the 1-year correlation (0.00) runs below the 3-year figure (0.32). The 5-year figure is 0.15, and annualized covariance runs at 938.7 %².
By 3-year correlation, NYC places #7 of the 12 assets tracked against BLBD. The last year tells two different stories: BLBD led by 42.6 percentage points, +3.0% for BLBD against -39.6% for NYC.
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 NYC: side by side
| BLBD (Blue Bird Corporation) | NYC (American Strategic Investment Co.) | |
|---|---|---|
| 1-year return | +3.0% | -39.6% |
| 5-year return | +182.6% | -9.2% |
| Volatility (ann.) | 49.8% | 59.5% |
| Beta vs S&P 500 | 0.95 | 0.56 |
| Max drawdown (3Y) | -45.9% | -60.0% |
| Market cap | $1.9B | – |
| P/E (trailing) | 7.2 | 1.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLBD | NYC |
|---|---|---|
| 2022 | -31.5% | -80.8% |
| 2023 | +151.7% | +350.3% |
| 2024 | +43.3% | +6.5% |
| 2025 | +21.7% | -2.4% |
| 2026 | +27.5% | -21.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLBD and NYC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BLBD and NYC?
The BLBD/NYC correlation stands at 0.32 on a 3-year window (1 year: 0.00, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is NYC a good diversifier for BLBD?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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
$ curl https://www.pairbook.io/api/v1/pairs/blbd-vs-nyc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/blbd-vs-nyc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BLBD correlations · NYC correlations
