BWLP vs LGVN: Correlation
BW LPG Limited (BWLP) and Longeveron Inc. (LGVN) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWLP and LGVN?
Across a 3-year window, the weekly returns of BWLP and LGVN correlate at -0.30, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.30 over 3. Stretching to 5 years gives -0.13, with an annualized covariance of -2686.1 %².
Out of 12 assets tracked against BWLP, LGVN lands near the bottom at #11. Correlation aside, the last 12 months split them widely, with BWLP ahead by 89.6 points (+72.4% versus -17.2%). One caveat on sizing: LGVN is 3.7 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.
BWLP vs LGVN: side by side
| BWLP (BW LPG Limited) | LGVN (Longeveron Inc.) | |
|---|---|---|
| 1-year return | +72.4% | -17.2% |
| 5-year return | +841.4% | -98.0% |
| Volatility (ann.) | 48.8% | 182.2% |
| Beta vs S&P 500 | 0.74 | 1.24 |
| Max drawdown (3Y) | -54.3% | -98.3% |
| Market cap | $3.7B | – |
| P/E (trailing) | 9.9 | – |
| Dividend yield | 7.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWLP | LGVN |
|---|---|---|
| 2022 | +60.4% | -73.3% |
| 2023 | +157.7% | -57.8% |
| 2024 | -7.2% | -87.3% |
| 2025 | +22.9% | -70.8% |
| 2026 | +99.6% | +34.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWLP and LGVN good diversifiers for each other?
Yes. With a correlation of -0.30, BWLP and LGVN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BWLP and LGVN?
As of 2026-08-27, the correlation of weekly returns between BWLP and LGVN is -0.30 over 3 years, -0.30 over 1 year and -0.13 over 5 years.
Is LGVN a good diversifier for BWLP?
Yes. With a correlation of -0.30, BWLP and LGVN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bwlp-vs-lgvn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bwlp-vs-lgvn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BWLP correlations · LGVN correlations
