BOW vs FAMI: Correlation
Bowhead Specialty Holdings Inc. (BOW) and Farmmi, Inc. - Class A (FAMI) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOW and FAMI?
On 3 years of weekly data the BOW/FAMI correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.10 versus -0.25 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -796.8 %².
FAMI is close to the least connected end of BOW's tracked universe, ranking #13 of 16. The last year tells two different stories: BOW led by 101.1 percentage points, +7.0% for BOW against -94.1% for FAMI. Risk is not evenly split, since FAMI carries 2.5 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.
BOW vs FAMI: side by side
| BOW (Bowhead Specialty Holdings Inc.) | FAMI (Farmmi, Inc. - Class A) | |
|---|---|---|
| 1-year return | +7.0% | -94.1% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 34.6% | 86.9% |
| Beta vs S&P 500 | 0.37 | 0.81 |
| Max drawdown (3Y) | -49.1% | -99.7% |
| Market cap | $1.1B | – |
| P/E (trailing) | 18.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOW | FAMI |
|---|---|---|
| 2022 | – | -92.7% |
| 2023 | – | -61.3% |
| 2024 | – | -75.8% |
| 2025 | -19.7% | -64.7% |
| 2026 | +17.7% | -91.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOW and FAMI good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BOW and FAMI?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.10 over the last year and n/a over 5 years.
Is FAMI a good diversifier for BOW?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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/bow-vs-fami.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bow-vs-fami/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BOW correlations · FAMI correlations
