BWEN vs TUSK: Correlation
Broadwind, Inc. (BWEN) and Mammoth Energy Services, Inc. (TUSK) show a moderate 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 BWEN and TUSK?
Across a 3-year window, the weekly returns of BWEN and TUSK correlate at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.25, with an annualized covariance of 2443.7 %².
By 3-year correlation, TUSK places #8 of the 17 assets tracked against BWEN. The last year tells two different stories: BWEN led by 77.3 percentage points, +112.5% for BWEN against +35.2% for TUSK. Risk is not evenly split, since BWEN carries 1.6 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.
BWEN vs TUSK: side by side
| BWEN (Broadwind, Inc.) | TUSK (Mammoth Energy Services, Inc.) | |
|---|---|---|
| 1-year return | +112.5% | +35.2% |
| 5-year return | +46.2% | -7.4% |
| Volatility (ann.) | 99.9% | 61.8% |
| Beta vs S&P 500 | 1.25 | 0.49 |
| Max drawdown (3Y) | -69.3% | -66.3% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | 12.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWEN | TUSK |
|---|---|---|
| 2022 | -4.8% | +375.3% |
| 2023 | +54.7% | -48.4% |
| 2024 | -32.1% | -32.7% |
| 2025 | +50.5% | -38.3% |
| 2026 | +62.2% | +70.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWEN and TUSK good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BWEN and TUSK?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.48 over the last year and 0.25 over 5 years.
Is TUSK a good diversifier for BWEN?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
Use this data
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Related comparisons
Hubs: BWEN correlations · TUSK correlations
