ANIP vs BRLT: Correlation
How closely do ANI Pharmaceuticals, Inc. (ANIP) and Brilliant Earth Group, Inc. (BRLT) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIP and BRLT?
Over the past 3 years, ANIP and BRLT moved with a correlation of 0.40, which is moderate. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 931.2 %².
Within ANIP's tracked universe of 11 assets, BRLT comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ANIP ahead by 33.7 points (-20.0% versus -53.7%). Risk is not evenly split, since BRLT carries 1.9 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.
ANIP vs BRLT: side by side
| ANIP (ANI Pharmaceuticals, Inc.) | BRLT (Brilliant Earth Group, Inc.) | |
|---|---|---|
| 1-year return | -20.0% | -53.7% |
| 5-year return | +168.3% | -91.4% |
| Volatility (ann.) | 35.1% | 66.7% |
| Beta vs S&P 500 | 0.51 | 1.29 |
| Max drawdown (3Y) | -28.7% | -68.9% |
| Market cap | $1.7B | $0.1B |
| P/E (trailing) | 16.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANIP | BRLT |
|---|---|---|
| 2022 | -12.7% | -76.1% |
| 2023 | +37.1% | -13.7% |
| 2024 | +0.3% | -43.5% |
| 2025 | +42.8% | -6.3% |
| 2026 | -6.9% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIP and BRLT good diversifiers for each other?
Reasonably. At 0.40, ANIP and BRLT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ANIP and BRLT?
The ANIP/BRLT correlation stands at 0.40 on a 3-year window (1 year: 0.35, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is BRLT a good diversifier for ANIP?
Reasonably. At 0.40, ANIP and BRLT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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
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Related comparisons
Hubs: ANIP correlations · BRLT correlations
