BUR vs RDGT: Correlation
Burford Capital Limited (BUR) and Ridgetech, Inc. (RDGT) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUR and RDGT?
Across a 3-year window, the weekly returns of BUR and RDGT correlate at 0.26, weak. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. Stretching to 5 years gives 0.16, with an annualized covariance of 1467.9 %².
By 3-year correlation, RDGT places #10 of the 15 assets tracked against BUR. Their recent paths diverged sharply: over the last 12 months BUR outperformed by 31.3 percentage points (-68.2% for BUR against -99.5% for RDGT). Risk is not evenly split, since RDGT carries 2.6 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.
BUR vs RDGT: side by side
| BUR (Burford Capital Limited) | RDGT (Ridgetech, Inc.) | |
|---|---|---|
| 1-year return | -68.2% | -99.5% |
| 5-year return | -62.0% | -100.0% |
| Volatility (ann.) | 46.5% | 120.7% |
| Beta vs S&P 500 | 1.40 | 0.28 |
| Max drawdown (3Y) | -75.5% | -99.9% |
| 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 | RDGT |
|---|---|---|
| 2022 | -21.6% | -21.5% |
| 2023 | +93.3% | -93.9% |
| 2024 | -17.5% | -59.8% |
| 2025 | -29.7% | +61.0% |
| 2026 | -50.9% | -99.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUR and RDGT good diversifiers for each other?
Reasonably. At 0.26, BUR and RDGT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BUR and RDGT?
As of 2026-08-27, the correlation of weekly returns between BUR and RDGT is 0.26 over 3 years, 0.33 over 1 year and 0.16 over 5 years.
Is RDGT a good diversifier for BUR?
Reasonably. At 0.26, BUR and RDGT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 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 · RDGT correlations
