BNC vs PFG: Correlation
Measured on weekly returns over the past three years, CEA Industries Inc. (BNC) and Principal Financial Group (PFG) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNC and PFG?
On 3 years of weekly data the BNC/PFG correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. The 5-year figure is -0.05, and annualized covariance runs at -443.7 %².
By 3-year correlation, PFG places #11 of the 37 assets tracked against BNC. Their recent paths diverged sharply: over the last 12 months PFG outperformed by 130.0 percentage points (-86.1% for BNC against +43.9% for PFG). Risk is not evenly split, since BNC carries 5.3 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.
BNC vs PFG: side by side
| BNC (CEA Industries Inc.) | PFG (Principal Financial Group) | |
|---|---|---|
| 1-year return | -86.1% | +43.9% |
| 5-year return | -97.4% | +99.7% |
| Volatility (ann.) | 120.4% | 22.9% |
| Beta vs S&P 500 | -0.47 | 0.88 |
| Max drawdown (3Y) | -96.5% | -22.4% |
| Market cap | $0.1B | $24.0B |
| P/E (trailing) | 0.0 | 16.0 |
| Dividend yield | 0.00% | 2.84% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BNC | PFG |
|---|---|---|
| 2022 | -82.5% | +20.1% |
| 2023 | -34.9% | -2.8% |
| 2024 | +23.7% | +1.9% |
| 2025 | -20.9% | +18.4% |
| 2026 | -53.1% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNC and PFG good diversifiers for each other?
Yes. With a correlation of -0.16, BNC and PFG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BNC and PFG?
The BNC/PFG correlation stands at -0.16 on a 3-year window (1 year: -0.19, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is PFG a good diversifier for BNC?
Yes. With a correlation of -0.16, BNC and PFG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 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/bnc-vs-pfg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bnc-vs-pfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BNC correlations · PFG correlations
