BUR vs EEIQ: Correlation
Burford Capital Limited (BUR) and EpicQuest Education Group International Limited (EEIQ) show a negative relationship: their 3-year correlation of weekly returns is -0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUR and EEIQ?
Over the past 3 years, BUR and EEIQ moved with a correlation of -0.40, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.67) than the 3-year average (-0.40). Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -3620.8 %².
Among the 15 assets we track against BUR, EEIQ sits near the bottom by co-movement, at rank #13. Neither side won the trailing year by much: -68.2% against -68.3%. One caveat on sizing: EEIQ is 4.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BUR vs EEIQ: side by side
| BUR (Burford Capital Limited) | EEIQ (EpicQuest Education Group International Limited) | |
|---|---|---|
| 1-year return | -68.2% | -68.3% |
| 5-year return | -62.0% | -95.4% |
| Volatility (ann.) | 46.5% | 193.1% |
| Beta vs S&P 500 | 1.40 | -0.48 |
| Max drawdown (3Y) | -75.5% | -94.3% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUR | EEIQ |
|---|---|---|
| 2022 | -21.6% | -33.0% |
| 2023 | +93.3% | -11.8% |
| 2024 | -17.5% | -46.7% |
| 2025 | -29.7% | -78.7% |
| 2026 | -50.9% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUR and EEIQ good diversifiers for each other?
Yes. With a correlation of -0.40, BUR and EEIQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BUR and EEIQ?
Using weekly returns as of 2026-08-27: -0.40 over 3 years, with -0.67 over the last year and -0.26 over 5 years.
Is EEIQ a good diversifier for BUR?
Yes. With a correlation of -0.40, BUR and EEIQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.40 mean?
A reading of -0.40 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: BUR correlations · EEIQ correlations
