BON vs CHCI: Correlation
Measured on weekly returns over the past three years, Bon Natural Life Limited - Class A (BON) and Comstock Holding Companies, Inc. (CHCI) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BON and CHCI?
Across a 3-year window, the weekly returns of BON and CHCI correlate at -0.24, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.07) than the 3-year average (-0.24). Stretching to 5 years gives -0.15, with an annualized covariance of -1258.0 %².
Among the 12 assets we track against BON, CHCI sits near the bottom by co-movement, at rank #10. The last year tells two different stories: CHCI led by 32.1 percentage points, -18.0% for BON against +14.1% for CHCI. Risk is not evenly split, since BON carries 1.7 times the volatility of the other side.
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.
BON vs CHCI: side by side
| BON (Bon Natural Life Limited - Class A) | CHCI (Comstock Holding Companies, Inc.) | |
|---|---|---|
| 1-year return | -18.0% | +14.1% |
| 5-year return | -100.0% | +236.2% |
| Volatility (ann.) | 94.3% | 56.1% |
| Beta vs S&P 500 | 1.69 | -0.23 |
| Max drawdown (3Y) | -99.4% | -47.9% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 8.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BON | CHCI |
|---|---|---|
| 2022 | -76.2% | -12.4% |
| 2023 | -48.9% | +4.2% |
| 2024 | -67.2% | +82.4% |
| 2025 | -96.4% | +43.8% |
| 2026 | -28.3% | +71.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BON and CHCI good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BON and CHCI?
As of 2026-08-27, the correlation of weekly returns between BON and CHCI is -0.24 over 3 years, -0.07 over 1 year and -0.15 over 5 years.
Is CHCI a good diversifier for BON?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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: BON correlations · CHCI correlations
