BSIN vs WTI: Correlation
How closely do Big Sky Industrial Inc. (BSIN) and W&T Offshore, Inc. (WTI) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSIN and WTI?
Across a 3-year window, the weekly returns of BSIN and WTI correlate at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 2233.8 %².
Within BSIN's tracked universe of 13 assets, WTI comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with WTI ahead by 76.9 points (+28.0% versus +104.9%).
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 WTI: side by side
| BSIN (Big Sky Industrial Inc.) | WTI (W&T Offshore, Inc.) | |
|---|---|---|
| 1-year return | +28.0% | +104.9% |
| 5-year return | -60.2% | +18.8% |
| Volatility (ann.) | 75.7% | 64.6% |
| Beta vs S&P 500 | 0.30 | 0.24 |
| Max drawdown (3Y) | -81.8% | -74.3% |
| Market cap | $0.1B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSIN | WTI |
|---|---|---|
| 2022 | -28.2% | +72.8% |
| 2023 | -55.3% | -41.4% |
| 2024 | +63.0% | -48.2% |
| 2025 | -43.6% | +0.6% |
| 2026 | +64.1% | +126.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSIN and WTI good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BSIN and WTI?
As of 2026-08-27, the correlation of weekly returns between BSIN and WTI is 0.46 over 3 years, 0.48 over 1 year and 0.40 over 5 years.
Is WTI a good diversifier for BSIN?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BSIN correlations · WTI correlations
