BSBK vs SWVL: Correlation
Bogota Financial Corp. (BSBK) and Swvl Holdings Corp (SWVL) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSBK and SWVL?
Across a 3-year window, the weekly returns of BSBK and SWVL correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. Stretching to 5 years gives -0.11, with an annualized covariance of -570.4 %².
Among the 14 assets we track against BSBK, SWVL sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months BSBK outperformed by 36.3 percentage points (-1.1% for BSBK against -37.4% for SWVL). Risk is not evenly split, since SWVL carries 5.8 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 SWVL: side by side
| BSBK (Bogota Financial Corp.) | SWVL (Swvl Holdings Corp) | |
|---|---|---|
| 1-year return | -1.1% | -37.4% |
| 5-year return | -12.7% | -99.1% |
| Volatility (ann.) | 21.2% | 122.0% |
| Beta vs S&P 500 | 0.12 | 1.20 |
| Max drawdown (3Y) | -21.6% | -92.3% |
| Market cap | $0.1B | – |
| P/E (trailing) | 43.4 | 18.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSBK | SWVL |
|---|---|---|
| 2022 | +9.8% | -98.6% |
| 2023 | -28.0% | -51.1% |
| 2024 | -6.8% | +281.3% |
| 2025 | +12.7% | -70.2% |
| 2026 | +7.9% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSBK and SWVL 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 BSBK and SWVL?
As of 2026-08-27, the correlation of weekly returns between BSBK and SWVL is -0.22 over 3 years, -0.22 over 1 year and -0.11 over 5 years.
Is SWVL a good diversifier for BSBK?
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?
A reading of -0.22 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/bsbk-vs-swvl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bsbk-vs-swvl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BSBK correlations · SWVL correlations
