BVS vs SELF: Correlation
How closely do Bioventus Inc. (BVS) and Global Self Storage, Inc. (SELF) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BVS and SELF?
Over the past 3 years, BVS and SELF moved with a correlation of 0.37, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.37 over 3 years. Over 5 years the correlation is 0.09, and the annualized covariance of weekly returns is 406.8 %².
By 3-year correlation, SELF places #6 of the 11 assets tracked against BVS. Correlation aside, the last 12 months split them widely, with BVS ahead by 74.1 points (+84.1% versus +10.0%). Risk is not evenly split, since BVS 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.
BVS vs SELF: side by side
| BVS (Bioventus Inc.) | SELF (Global Self Storage, Inc.) | |
|---|---|---|
| 1-year return | +84.1% | +10.0% |
| 5-year return | -6.2% | +36.6% |
| Volatility (ann.) | 52.7% | 20.6% |
| Beta vs S&P 500 | 0.89 | 0.15 |
| Max drawdown (3Y) | -55.2% | -15.9% |
| Market cap | $0.9B | $0.1B |
| P/E (trailing) | 17.9 | 31.1 |
| Dividend yield | 0.00% | 5.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BVS | SELF |
|---|---|---|
| 2022 | -82.0% | -10.0% |
| 2023 | +101.9% | +0.8% |
| 2024 | +99.2% | +22.0% |
| 2025 | -29.1% | +1.2% |
| 2026 | +85.3% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BVS and SELF good diversifiers for each other?
Reasonably. At 0.37, BVS and SELF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BVS and SELF?
As of 2026-08-27, the correlation of weekly returns between BVS and SELF is 0.37 over 3 years, 0.14 over 1 year and 0.09 over 5 years.
Is SELF a good diversifier for BVS?
Reasonably. At 0.37, BVS and SELF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: BVS correlations · SELF correlations
