BNKK vs ULS: Correlation
How closely do Bonk, Inc. (BNKK) and UL Solutions Inc. (ULS) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNKK and ULS?
Over the past 3 years, BNKK and ULS moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -775.8 %².
Among the 10 assets we track against BNKK, ULS sits near the bottom by co-movement, at rank #10. The last year tells two different stories: ULS led by 111.3 percentage points, -91.0% for BNKK against +20.3% for ULS. Risk is not evenly split, since BNKK carries 3.7 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.
BNKK vs ULS: side by side
| BNKK (Bonk, Inc.) | ULS (UL Solutions Inc.) | |
|---|---|---|
| 1-year return | -91.0% | +20.3% |
| 5-year return | -97.8% | n/a |
| Volatility (ann.) | 129.2% | 35.3% |
| Beta vs S&P 500 | 1.49 | 0.47 |
| Max drawdown (3Y) | -99.5% | -29.4% |
| Market cap | – | $15.3B |
| P/E (trailing) | – | 30.3 |
| Dividend yield | 0.00% | 0.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNKK | ULS |
|---|---|---|
| 2022 | -13.5% | – |
| 2023 | +355.8% | – |
| 2024 | -79.5% | – |
| 2025 | -89.8% | +59.3% |
| 2026 | -48.8% | -3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNKK and ULS good diversifiers for each other?
Yes. With a correlation of -0.18, BNKK and ULS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BNKK and ULS?
As of 2026-08-27, the correlation of weekly returns between BNKK and ULS is -0.18 over 3 years, -0.25 over 1 year and n/a over 5 years.
Is ULS a good diversifier for BNKK?
Yes. With a correlation of -0.18, BNKK and ULS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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: BNKK correlations · ULS correlations
