BRAG vs OWL: Correlation
How closely do Bragg Gaming Group Inc. (BRAG) and Blue Owl Capital Inc. (OWL) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRAG and OWL?
Across a 3-year window, the weekly returns of BRAG and OWL correlate at 0.37, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.37 over 3. Stretching to 5 years gives 0.28, with an annualized covariance of 959.5 %².
Few assets follow BRAG as closely as OWL, which ranks #3 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with OWL ahead by 17.4 points (-47.6% versus -30.2%).
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.
BRAG vs OWL: side by side
| BRAG (Bragg Gaming Group Inc.) | OWL (Blue Owl Capital Inc.) | |
|---|---|---|
| 1-year return | -47.6% | -30.2% |
| 5-year return | -87.1% | +8.2% |
| Volatility (ann.) | 62.2% | 41.9% |
| Beta vs S&P 500 | 1.20 | 1.77 |
| Max drawdown (3Y) | -78.8% | -67.1% |
| Market cap | – | $18.8B |
| P/E (trailing) | – | 100.2 |
| Dividend yield | 0.00% | 7.71% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRAG | OWL |
|---|---|---|
| 2022 | -23.5% | -26.3% |
| 2023 | +31.2% | +47.4% |
| 2024 | -26.7% | +61.8% |
| 2025 | -43.2% | -32.8% |
| 2026 | -31.4% | -14.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRAG and OWL good diversifiers for each other?
Reasonably. At 0.37, BRAG and OWL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BRAG and OWL?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.42 over the last year and 0.28 over 5 years.
Is OWL a good diversifier for BRAG?
Reasonably. At 0.37, BRAG and OWL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brag-vs-owl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brag-vs-owl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRAG correlations · OWL correlations
