AKAN vs BRO: Correlation
How closely do Akanda Corp. (AKAN) and Brown & Brown (BRO) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and BRO?
Over the past 3 years, AKAN and BRO moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.23 over 3 years. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -1593.4 %².
By 3-year correlation, BRO places #21 of the 26 assets tracked against AKAN. The last year tells two different stories: BRO led by 70.2 percentage points, -95.2% for AKAN against -25.0% for BRO. Note the risk asymmetry: AKAN runs 11.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AKAN vs BRO: side by side
| AKAN (Akanda Corp.) | BRO (Brown & Brown) | |
|---|---|---|
| 1-year return | -95.2% | -25.0% |
| 5-year return | -100.0% | +27.5% |
| Volatility (ann.) | 285.6% | 24.4% |
| Beta vs S&P 500 | 2.86 | 0.39 |
| Max drawdown (3Y) | -99.9% | -55.8% |
| Market cap | – | $23.9B |
| P/E (trailing) | – | 23.3 |
| Dividend yield | 0.00% | 0.89% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AKAN | BRO |
|---|---|---|
| 2022 | – | -18.4% |
| 2023 | -70.5% | +25.7% |
| 2024 | -95.5% | +44.3% |
| 2025 | -90.9% | -21.4% |
| 2026 | -58.9% | -9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and BRO good diversifiers for each other?
Yes. With a correlation of -0.23, AKAN and BRO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AKAN and BRO?
As of 2026-08-27, the correlation of weekly returns between AKAN and BRO is -0.23 over 3 years, -0.34 over 1 year and -0.18 over 5 years.
Is BRO a good diversifier for AKAN?
Yes. With a correlation of -0.23, AKAN and BRO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/akan-vs-bro.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akan-vs-bro/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AKAN correlations · BRO correlations
