BSIN vs PCG: Correlation
How closely do Big Sky Industrial Inc. (BSIN) and PG&E Corporation (PCG) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSIN and PCG?
Across a 3-year window, the weekly returns of BSIN and PCG correlate at -0.26, 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 -0.16, with an annualized covariance of -488.5 %².
Among the 13 assets we track against BSIN, PCG sits near the bottom by co-movement, at rank #11. The trailing year gives BSIN the advantage: +28.0% versus +20.3%, a 7.7-point spread. Note the risk asymmetry: BSIN runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BSIN vs PCG: side by side
| BSIN (Big Sky Industrial Inc.) | PCG (PG&E Corporation) | |
|---|---|---|
| 1-year return | +28.0% | +20.3% |
| 5-year return | -60.2% | +102.7% |
| Volatility (ann.) | 75.7% | 24.7% |
| Beta vs S&P 500 | 0.30 | 0.24 |
| Max drawdown (3Y) | -81.8% | -39.6% |
| Market cap | $0.1B | $39.5B |
| P/E (trailing) | – | 12.9 |
| Dividend yield | 0.00% | 0.96% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | BSIN | PCG |
|---|---|---|
| 2022 | -28.2% | +33.9% |
| 2023 | -55.3% | +10.9% |
| 2024 | +63.0% | +12.3% |
| 2025 | -43.6% | -19.7% |
| 2026 | +64.1% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSIN and PCG good diversifiers for each other?
Yes. With a correlation of -0.26, BSIN and PCG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BSIN and PCG?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.17 over the last year and -0.16 over 5 years.
Is PCG a good diversifier for BSIN?
Yes. With a correlation of -0.26, BSIN and PCG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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.
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Related comparisons
Hubs: BSIN correlations · PCG correlations
