BBW vs BNAI: Correlation
Build-A-Bear Workshop, Inc. (BBW) and Brand Engagement Network Inc. (BNAI) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBW and BNAI?
Across a 3-year window, the weekly returns of BBW and BNAI correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Stretching to 5 years gives -0.17, with an annualized covariance of -3333.6 %².
By 3-year correlation, BNAI places #10 of the 16 assets tracked against BBW. Correlation aside, the last 12 months split them widely, with BNAI ahead by 356.6 points (-50.4% versus +306.2%). Note the risk asymmetry: BNAI 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.
BBW vs BNAI: side by side
| BBW (Build-A-Bear Workshop, Inc.) | BNAI (Brand Engagement Network Inc.) | |
|---|---|---|
| 1-year return | -50.4% | +306.2% |
| 5-year return | +86.4% | -87.1% |
| Volatility (ann.) | 48.4% | 309.0% |
| Beta vs S&P 500 | 0.89 | 0.09 |
| Max drawdown (3Y) | -61.7% | -99.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | 9.1 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBW | BNAI |
|---|---|---|
| 2022 | +22.1% | +3.5% |
| 2023 | +2.8% | +5.2% |
| 2024 | +105.6% | -90.8% |
| 2025 | +35.4% | -76.2% |
| 2026 | -53.0% | +437.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBW and BNAI good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BBW and BNAI?
As of 2026-08-27, the correlation of weekly returns between BBW and BNAI is -0.22 over 3 years, -0.25 over 1 year and -0.17 over 5 years.
Is BNAI a good diversifier for BBW?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 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/bbw-vs-bnai.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bbw-vs-bnai/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBW correlations · BNAI correlations
