BON vs KBSX: Correlation
Measured on weekly returns over the past three years, Bon Natural Life Limited - Class A (BON) and FST Corp. (KBSX) carry a correlation of -0.38, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BON and KBSX?
Across a 3-year window, the weekly returns of BON and KBSX correlate at -0.38, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.24) runs above the 3-year figure (-0.38). Stretching to 5 years gives -0.29, with an annualized covariance of -3138.3 %².
Among the 12 assets we track against BON, KBSX sits near the bottom by co-movement, at rank #12. The last year tells two different stories: BON led by 21.5 percentage points, -18.0% for BON against -39.5% for KBSX.
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 KBSX: side by side
| BON (Bon Natural Life Limited - Class A) | KBSX (FST Corp.) | |
|---|---|---|
| 1-year return | -18.0% | -39.5% |
| 5-year return | -100.0% | -89.8% |
| Volatility (ann.) | 94.3% | 88.4% |
| Beta vs S&P 500 | 1.69 | 0.95 |
| Max drawdown (3Y) | -99.4% | -94.0% |
| Market cap | – | – |
| P/E (trailing) | – | 8.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BON | KBSX |
|---|---|---|
| 2022 | -76.2% | – |
| 2023 | -48.9% | +7.3% |
| 2024 | -67.2% | -12.7% |
| 2025 | -96.4% | -85.5% |
| 2026 | -28.3% | -27.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BON and KBSX good diversifiers for each other?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
FAQ
What is the correlation between BON and KBSX?
Using weekly returns as of 2026-08-27: -0.38 over 3 years, with 0.24 over the last year and -0.29 over 5 years.
Is KBSX a good diversifier for BON?
By historical standards, yes. A correlation of -0.38 means the two rarely move for the same reasons.
What does a correlation of -0.38 mean?
A reading of -0.38 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/bon-vs-kbsx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bon-vs-kbsx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BON correlations · KBSX correlations
