BOTJ vs EW: Correlation
How closely do Bank of the James Financial Group, Inc. (BOTJ) and Edwards Lifesciences (EW) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOTJ and EW?
Across a 3-year window, the weekly returns of BOTJ and EW correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.17) sits close to the 3-year figure. Stretching to 5 years gives -0.07, with an annualized covariance of -173.5 %².
Among the 16 assets we track against BOTJ, EW ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BOTJ outperformed by 67.3 percentage points (+78.5% for BOTJ against +11.2% for EW).
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.
BOTJ vs EW: side by side
| BOTJ (Bank of the James Financial Group, Inc.) | EW (Edwards Lifesciences) | |
|---|---|---|
| 1-year return | +78.5% | +11.2% |
| 5-year return | +119.5% | -23.8% |
| Volatility (ann.) | 25.5% | 31.6% |
| Beta vs S&P 500 | 0.22 | 0.81 |
| Max drawdown (3Y) | -27.8% | -37.5% |
| Market cap | $0.1B | $51.8B |
| P/E (trailing) | 10.6 | 54.2 |
| Dividend yield | 1.50% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BOTJ | EW |
|---|---|---|
| 2022 | -21.2% | -42.4% |
| 2023 | +5.8% | +2.2% |
| 2024 | +34.1% | -2.9% |
| 2025 | +20.3% | +15.2% |
| 2026 | +46.4% | +5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOTJ and EW good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BOTJ and EW?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.17 over the last year and -0.07 over 5 years.
Is EW a good diversifier for BOTJ?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/botj-vs-ew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/botj-vs-ew/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BOTJ correlations · EW correlations
