BSBK vs LGL: Correlation
Bogota Financial Corp. (BSBK) and LGL Group, Inc. (The) (LGL) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSBK and LGL?
On 3 years of weekly data the BSBK/LGL correlation comes out at 0.27, weak. The link has loosened recently: the 1-year correlation (0.06) runs below the 3-year figure (0.27). The 5-year figure is 0.21, and annualized covariance runs at 181.3 %².
By 3-year correlation, LGL places #7 of the 14 assets tracked against BSBK. Their recent paths diverged sharply: over the last 12 months LGL outperformed by 16.1 percentage points (-1.1% for BSBK against +15.0% for LGL). Risk is not evenly split, since LGL carries 1.5 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.
BSBK vs LGL: side by side
| BSBK (Bogota Financial Corp.) | LGL (LGL Group, Inc. (The)) | |
|---|---|---|
| 1-year return | -1.1% | +15.0% |
| 5-year return | -12.7% | +78.3% |
| Volatility (ann.) | 21.2% | 32.1% |
| Beta vs S&P 500 | 0.12 | 0.18 |
| Max drawdown (3Y) | -21.6% | -27.2% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 43.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSBK | LGL |
|---|---|---|
| 2022 | +9.8% | -5.8% |
| 2023 | -28.0% | +51.6% |
| 2024 | -6.8% | -2.8% |
| 2025 | +12.7% | -3.7% |
| 2026 | +7.9% | +28.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSBK and LGL good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BSBK and LGL?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.06 over the last year and 0.21 over 5 years.
Is LGL a good diversifier for BSBK?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 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/bsbk-vs-lgl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bsbk-vs-lgl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BSBK correlations · LGL correlations
