BNY vs BRLS: Correlation
Measured on weekly returns over the past three years, BNY Mellon (BNY) and Borealis Foods Inc. - Class A (BRLS) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNY and BRLS?
Over the past 3 years, BNY and BRLS moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.17). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -545.9 %².
Among the 31 assets we track against BNY, BRLS ranks #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BNY ahead by 118.9 points (+57.2% versus -61.7%). Note the risk asymmetry: BRLS runs 7.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BNY vs BRLS: side by side
| BNY (BNY Mellon) | BRLS (Borealis Foods Inc. - Class A) | |
|---|---|---|
| 1-year return | +57.2% | -61.7% |
| 5-year return | +236.7% | -88.7% |
| Volatility (ann.) | 20.2% | 160.0% |
| Beta vs S&P 500 | 0.89 | -0.09 |
| Max drawdown (3Y) | -17.6% | -94.8% |
| Market cap | $110.1B | – |
| P/E (trailing) | 19.0 | – |
| Dividend yield | 1.30% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BNY | BRLS |
|---|---|---|
| 2022 | -19.1% | +4.6% |
| 2023 | +18.5% | +9.5% |
| 2024 | +51.9% | -47.3% |
| 2025 | +54.4% | -66.5% |
| 2026 | +41.5% | -44.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNY and BRLS good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between BNY and BRLS?
The BNY/BRLS correlation stands at -0.17 on a 3-year window (1 year: -0.42, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is BRLS a good diversifier for BNY?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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.
Use this data
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Related comparisons
Hubs: BNY correlations · BRLS correlations
