BNAI vs INSM: Correlation
Brand Engagement Network Inc. (BNAI) and Insmed Incorporated (INSM) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNAI and INSM?
Over the past 3 years, BNAI and INSM moved with a correlation of 0.59, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.00 versus 0.59 over 3 years. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 18244.7 %².
Few assets follow BNAI as closely as INSM, which ranks #2 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with BNAI ahead by 316.0 points (+306.2% versus -9.8%). One caveat on sizing: BNAI is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BNAI vs INSM: side by side
| BNAI (Brand Engagement Network Inc.) | INSM (Insmed Incorporated) | |
|---|---|---|
| 1-year return | +306.2% | -9.8% |
| 5-year return | -87.1% | +339.0% |
| Volatility (ann.) | 309.0% | 100.1% |
| Beta vs S&P 500 | 0.09 | 0.74 |
| Max drawdown (3Y) | -99.1% | -56.5% |
| Market cap | $0.1B | $26.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNAI | INSM |
|---|---|---|
| 2022 | +3.5% | -26.7% |
| 2023 | +5.2% | +55.1% |
| 2024 | -90.8% | +122.8% |
| 2025 | -76.2% | +152.1% |
| 2026 | +437.5% | -30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNAI and INSM good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BNAI and INSM?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.00 over the last year and 0.55 over 5 years.
Is INSM a good diversifier for BNAI?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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/bnai-vs-insm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bnai-vs-insm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BNAI correlations · INSM correlations
