BNC vs WFC: Correlation
CEA Industries Inc. (BNC) and Wells Fargo (WFC) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNC and WFC?
On 3 years of weekly data the BNC/WFC correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.19 over 3. The 5-year figure is -0.03, and annualized covariance runs at -676.3 %².
Among the 37 assets we track against BNC, WFC ranks #17 by 3-year correlation. The last year tells two different stories: WFC led by 91.3 percentage points, -86.1% for BNC against +5.2% for WFC. One caveat on sizing: BNC is 4.1 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.
BNC vs WFC: side by side
| BNC (CEA Industries Inc.) | WFC (Wells Fargo) | |
|---|---|---|
| 1-year return | -86.1% | +5.2% |
| 5-year return | -97.4% | +98.3% |
| Volatility (ann.) | 120.4% | 29.7% |
| Beta vs S&P 500 | -0.47 | 0.98 |
| Max drawdown (3Y) | -96.5% | -24.7% |
| Market cap | $0.1B | $256.9B |
| P/E (trailing) | 0.0 | 12.4 |
| Dividend yield | 0.00% | 2.11% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BNC | WFC |
|---|---|---|
| 2022 | -82.5% | -11.9% |
| 2023 | -34.9% | +22.9% |
| 2024 | +23.7% | +46.5% |
| 2025 | -20.9% | +35.6% |
| 2026 | -53.1% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNC and WFC good diversifiers for each other?
Yes. With a correlation of -0.19, BNC and WFC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BNC and WFC?
As of 2026-08-27, the correlation of weekly returns between BNC and WFC is -0.19 over 3 years, -0.25 over 1 year and -0.03 over 5 years.
Is WFC a good diversifier for BNC?
Yes. With a correlation of -0.19, BNC and WFC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Hubs: BNC correlations · WFC correlations
