AMP vs BRLS: Correlation
Ameriprise Financial (AMP) and Borealis Foods Inc. - Class A (BRLS) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and BRLS?
On 3 years of weekly data the AMP/BRLS correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.17). The 5-year figure is -0.12, and annualized covariance runs at -664.5 %².
By 3-year correlation, BRLS places #27 of the 34 assets tracked against AMP. Correlation aside, the last 12 months split them widely, with AMP ahead by 70.4 points (+8.7% versus -61.7%). Note the risk asymmetry: BRLS runs 6.4 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.
AMP vs BRLS: side by side
| AMP (Ameriprise Financial) | BRLS (Borealis Foods Inc. - Class A) | |
|---|---|---|
| 1-year return | +8.7% | -61.7% |
| 5-year return | +119.2% | -88.7% |
| Volatility (ann.) | 25.0% | 160.0% |
| Beta vs S&P 500 | 1.09 | -0.09 |
| Max drawdown (3Y) | -26.4% | -94.8% |
| Market cap | $49.1B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 1.16% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AMP | BRLS |
|---|---|---|
| 2022 | +5.0% | +4.6% |
| 2023 | +24.0% | +9.5% |
| 2024 | +42.1% | -47.3% |
| 2025 | -6.7% | -66.5% |
| 2026 | +14.5% | -44.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and BRLS good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMP and BRLS?
The AMP/BRLS correlation stands at -0.17 on a 3-year window (1 year: -0.48, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is BRLS a good diversifier for AMP?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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
$ curl https://www.pairbook.io/api/v1/pairs/amp-vs-brls.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amp-vs-brls/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMP correlations · BRLS correlations
