BSIN vs XTIA: Correlation
How closely do Big Sky Industrial Inc. (BSIN) and XTI Aerospace, Inc. (XTIA) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSIN and XTIA?
Over the past 3 years, BSIN and XTIA moved with a correlation of 0.41, which is moderate. The past 12 months show a weaker link (0.10) than the 3-year average (0.41). Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 3920.6 %².
By 3-year correlation, XTIA places #6 of the 13 assets tracked against BSIN. Their recent paths diverged sharply: over the last 12 months BSIN outperformed by 53.0 percentage points (+28.0% for BSIN against -25.0% for XTIA). Risk is not evenly split, since XTIA carries 1.7 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.
BSIN vs XTIA: side by side
| BSIN (Big Sky Industrial Inc.) | XTIA (XTI Aerospace, Inc.) | |
|---|---|---|
| 1-year return | +28.0% | -25.0% |
| 5-year return | -60.2% | -100.0% |
| Volatility (ann.) | 75.7% | 127.5% |
| Beta vs S&P 500 | 0.30 | 0.29 |
| Max drawdown (3Y) | -81.8% | -100.0% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSIN | XTIA |
|---|---|---|
| 2022 | -28.2% | -96.2% |
| 2023 | -55.3% | -96.7% |
| 2024 | +63.0% | -99.2% |
| 2025 | -43.6% | -88.5% |
| 2026 | +64.1% | +11.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSIN and XTIA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BSIN and XTIA?
The BSIN/XTIA correlation stands at 0.41 on a 3-year window (1 year: 0.10, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is XTIA a good diversifier for BSIN?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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/bsin-vs-xtia.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bsin-vs-xtia/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BSIN correlations · XTIA correlations
