BANL vs FFAI: Correlation
How closely do CBL International Limited - Class B (BANL) and Faraday Future Intelligent Electric Inc. (FFAI) trade together? Their weekly returns over three years give a correlation of 0.89, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANL and FFAI?
Across a 3-year window, the weekly returns of BANL and FFAI correlate at 0.89, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.99 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 2053070.0 %².
Among the 10 assets we track against BANL, FFAI ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BANL outperformed by 1992.6 percentage points (+1990.5% for BANL against -2.1% for FFAI). Risk is not evenly split, since FFAI carries 3.9 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.
BANL vs FFAI: side by side
| BANL (CBL International Limited - Class B) | FFAI (Faraday Future Intelligent Electric Inc.) | |
|---|---|---|
| 1-year return | +1990.5% | -2.1% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 767.2% | 3004.8% |
| Beta vs S&P 500 | -1.45 | -1.32 |
| Max drawdown (3Y) | -85.8% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANL | FFAI |
|---|---|---|
| 2022 | – | -94.5% |
| 2023 | – | -99.0% |
| 2024 | -31.3% | -91.2% |
| 2025 | -55.9% | -58.0% |
| 2026 | +2911.2% | +128.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANL and FFAI good diversifiers for each other?
No. With a correlation of 0.89, BANL and FFAI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BANL and FFAI?
As of 2026-08-27, the correlation of weekly returns between BANL and FFAI is 0.89 over 3 years, 0.99 over 1 year and n/a over 5 years.
Is FFAI a good diversifier for BANL?
No. With a correlation of 0.89, BANL and FFAI move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.89 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/banl-vs-ffai.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/banl-vs-ffai/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BANL correlations · FFAI correlations
