ATLC vs BROS: Correlation
Measured on weekly returns over the past three years, Atlanticus Holdings Corporation (ATLC) and Dutch Bros Inc. (BROS) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATLC and BROS?
Across a 3-year window, the weekly returns of ATLC and BROS correlate at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 1345.9 %².
Among the 13 assets we track against ATLC, BROS ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ATLC outperformed by 71.1 percentage points (+40.4% for ATLC against -30.7% for BROS).
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.
ATLC vs BROS: side by side
| ATLC (Atlanticus Holdings Corporation) | BROS (Dutch Bros Inc.) | |
|---|---|---|
| 1-year return | +40.4% | -30.7% |
| 5-year return | +58.2% | +38.2% |
| Volatility (ann.) | 49.7% | 57.0% |
| Beta vs S&P 500 | 1.55 | 1.67 |
| Max drawdown (3Y) | -39.5% | -45.3% |
| Market cap | $1.4B | $8.9B |
| P/E (trailing) | 12.1 | 70.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATLC | BROS |
|---|---|---|
| 2022 | -63.3% | -44.6% |
| 2023 | +47.6% | +12.3% |
| 2024 | +44.2% | +65.4% |
| 2025 | +20.0% | +16.9% |
| 2026 | +39.0% | -17.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATLC and BROS good diversifiers for each other?
Reasonably. At 0.48, ATLC and BROS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ATLC and BROS?
As of 2026-08-27, the correlation of weekly returns between ATLC and BROS is 0.48 over 3 years, 0.50 over 1 year and 0.50 over 5 years.
Is BROS a good diversifier for ATLC?
Reasonably. At 0.48, ATLC and BROS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
A reading of 0.48 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/atlc-vs-bros.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atlc-vs-bros/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATLC correlations · BROS correlations
