BWEN vs GAUZ: Correlation
Measured on weekly returns over the past three years, Broadwind, Inc. (BWEN) and Gauzy Ltd. (GAUZ) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWEN and GAUZ?
Over the past 3 years, BWEN and GAUZ moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.39 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 4806.2 %².
By 3-year correlation, GAUZ places #9 of the 17 assets tracked against BWEN. The last year tells two different stories: BWEN led by 204.0 percentage points, +112.5% for BWEN against -91.5% for GAUZ.
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.
BWEN vs GAUZ: side by side
| BWEN (Broadwind, Inc.) | GAUZ (Gauzy Ltd.) | |
|---|---|---|
| 1-year return | +112.5% | -91.5% |
| 5-year return | +46.2% | n/a |
| Volatility (ann.) | 99.9% | 118.3% |
| Beta vs S&P 500 | 1.25 | 1.25 |
| Max drawdown (3Y) | -69.3% | -98.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWEN | GAUZ |
|---|---|---|
| 2022 | -4.8% | – |
| 2023 | +54.7% | – |
| 2024 | -32.1% | – |
| 2025 | +50.5% | -87.0% |
| 2026 | +62.2% | -65.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWEN and GAUZ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BWEN and GAUZ?
As of 2026-08-27, the correlation of weekly returns between BWEN and GAUZ is 0.39 over 3 years, 0.47 over 1 year and n/a over 5 years.
Is GAUZ a good diversifier for BWEN?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bwen-vs-gauz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bwen-vs-gauz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BWEN correlations · GAUZ correlations
