BNL vs FCPT: Correlation
Measured on weekly returns over the past three years, Bro (BNL) and Four Corners Property Trust, Inc. (FCPT) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNL and FCPT?
Over the past 3 years, BNL and FCPT moved with a correlation of 0.69, which is strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.69 over 3. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 252.6 %².
Among the 13 assets we track against BNL, FCPT ranks #5 by 3-year correlation. The last year tells two different stories: BNL led by 18.6 percentage points, +22.4% for BNL against +3.8% for FCPT.
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.
BNL vs FCPT: side by side
| BNL (Bro) | FCPT (Four Corners Property Trust, Inc.) | |
|---|---|---|
| 1-year return | +22.4% | +3.8% |
| 5-year return | +7.7% | +16.6% |
| Volatility (ann.) | 21.0% | 17.5% |
| Beta vs S&P 500 | 0.31 | 0.32 |
| Max drawdown (3Y) | -19.5% | -20.2% |
| Market cap | $4.5B | $2.8B |
| P/E (trailing) | 28.2 | 22.9 |
| Dividend yield | 5.47% | 5.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNL | FCPT |
|---|---|---|
| 2022 | -30.8% | -7.2% |
| 2023 | +14.0% | +3.1% |
| 2024 | -1.1% | +13.1% |
| 2025 | +17.3% | -10.1% |
| 2026 | +25.3% | +13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNL and FCPT good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BNL and FCPT?
As of 2026-08-27, the correlation of weekly returns between BNL and FCPT is 0.69 over 3 years, 0.61 over 1 year and 0.71 over 5 years.
Is FCPT a good diversifier for BNL?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
A reading of 0.69 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/bnl-vs-fcpt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bnl-vs-fcpt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BNL correlations · FCPT correlations
