BMI vs SUIG: Correlation
Badger Meter, Inc. (BMI) and Sui Group Holdings Limited (SUIG) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMI and SUIG?
Over the past 3 years, BMI and SUIG moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.12 versus -0.30 over 3 years. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -1740.5 %².
Out of 15 assets tracked against BMI, SUIG lands near the bottom at #11. The last year tells two different stories: BMI led by 57.3 percentage points, -26.1% for BMI against -83.4% for SUIG. One caveat on sizing: SUIG is 4.5 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.
BMI vs SUIG: side by side
| BMI (Badger Meter, Inc.) | SUIG (Sui Group Holdings Limited) | |
|---|---|---|
| 1-year return | -26.1% | -83.4% |
| 5-year return | +33.9% | -88.3% |
| Volatility (ann.) | 35.9% | 162.1% |
| Beta vs S&P 500 | 0.62 | 1.61 |
| Max drawdown (3Y) | -55.1% | -89.2% |
| Market cap | $4.0B | $0.1B |
| P/E (trailing) | 32.1 | – |
| Dividend yield | 1.17% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMI | SUIG |
|---|---|---|
| 2022 | +3.2% | -75.1% |
| 2023 | +42.6% | +19.5% |
| 2024 | +38.3% | -20.3% |
| 2025 | -17.2% | -14.4% |
| 2026 | -20.3% | -38.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMI and SUIG good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between BMI and SUIG?
As of 2026-08-27, the correlation of weekly returns between BMI and SUIG is -0.30 over 3 years, -0.12 over 1 year and -0.19 over 5 years.
Is SUIG a good diversifier for BMI?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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/bmi-vs-suig.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bmi-vs-suig/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BMI correlations · SUIG correlations
