BWEN vs WFCF: Correlation
Broadwind, Inc. (BWEN) and Where Food Comes From, Inc. (WFCF) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWEN and WFCF?
Across a 3-year window, the weekly returns of BWEN and WFCF correlate at -0.31, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.51 versus -0.31 over 3 years. Stretching to 5 years gives -0.17, with an annualized covariance of -1755.2 %².
Out of 17 assets tracked against BWEN, WFCF lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with BWEN ahead by 102.1 points (+112.5% versus +10.4%). One caveat on sizing: BWEN is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WFCF: side by side
| BWEN (Broadwind, Inc.) | WFCF (Where Food Comes From, Inc.) | |
|---|---|---|
| 1-year return | +112.5% | +10.4% |
| 5-year return | +46.2% | +0.4% |
| Volatility (ann.) | 99.9% | 57.1% |
| Beta vs S&P 500 | 1.25 | 0.27 |
| Max drawdown (3Y) | -69.3% | -49.1% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 12.1 | 45.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWEN | WFCF |
|---|---|---|
| 2022 | -4.8% | -3.7% |
| 2023 | +54.7% | -3.0% |
| 2024 | -32.1% | -2.3% |
| 2025 | +50.5% | -13.2% |
| 2026 | +62.2% | +15.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWEN and WFCF good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BWEN and WFCF?
The BWEN/WFCF correlation stands at -0.31 on a 3-year window (1 year: -0.51, 5 years: -0.17), computed from weekly returns as of 2026-08-27.
Is WFCF a good diversifier for BWEN?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 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-wfcf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bwen-vs-wfcf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BWEN correlations · WFCF correlations
