BRAG vs FDUS: Correlation
Bragg Gaming Group Inc. (BRAG) and Fidus Investment Corporation - Closed End Fund (FDUS) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRAG and FDUS?
Across a 3-year window, the weekly returns of BRAG and FDUS correlate at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 422.3 %².
Few assets follow BRAG as closely as FDUS, which ranks #1 of 10 tracked partners. The last year tells two different stories: FDUS led by 51.3 percentage points, -47.6% for BRAG against +3.7% for FDUS. One caveat on sizing: BRAG is 3.6 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.
BRAG vs FDUS: side by side
| BRAG (Bragg Gaming Group Inc.) | FDUS (Fidus Investment Corporation - Closed End Fund) | |
|---|---|---|
| 1-year return | -47.6% | +3.7% |
| 5-year return | -87.1% | +100.3% |
| Volatility (ann.) | 62.2% | 17.5% |
| Beta vs S&P 500 | 1.20 | 0.57 |
| Max drawdown (3Y) | -78.8% | -23.9% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | 9.5 |
| Dividend yield | 0.00% | 8.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRAG | FDUS |
|---|---|---|
| 2022 | -23.5% | +17.1% |
| 2023 | +31.2% | +20.0% |
| 2024 | -26.7% | +20.5% |
| 2025 | -43.2% | +2.1% |
| 2026 | -31.4% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRAG and FDUS good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BRAG and FDUS?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.40 over the last year and 0.31 over 5 years.
Is FDUS a good diversifier for BRAG?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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/brag-vs-fdus.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brag-vs-fdus/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRAG correlations · FDUS correlations
