BUR vs SST: Correlation
How closely do Burford Capital Limited (BUR) and System1, Inc. (SST) 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 BUR and SST?
Over the past 3 years, BUR and SST moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.26). Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -1838.7 %².
Out of 15 assets tracked against BUR, SST lands near the bottom at #11. On 12-month performance BUR holds a 7.3-point edge, -68.2% against -75.5%. Risk is not evenly split, since SST carries 3.3 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 SST: side by side
| BUR (Burford Capital Limited) | SST (System1, Inc.) | |
|---|---|---|
| 1-year return | -68.2% | -75.5% |
| 5-year return | -62.0% | -98.1% |
| Volatility (ann.) | 46.5% | 151.9% |
| Beta vs S&P 500 | 1.40 | 0.94 |
| Max drawdown (3Y) | -75.5% | -95.2% |
| 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 | SST |
|---|---|---|
| 2022 | -21.6% | -52.9% |
| 2023 | +93.3% | -52.7% |
| 2024 | -17.5% | -59.5% |
| 2025 | -29.7% | -56.3% |
| 2026 | -50.9% | -52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUR and SST good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between BUR and SST?
The BUR/SST correlation stands at -0.26 on a 3-year window (1 year: -0.41, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is SST a good diversifier for BUR?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bur-vs-sst.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bur-vs-sst/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BUR correlations · SST correlations
