BRBR vs MLSS: Correlation
BellRing Brands, Inc. (BRBR) and Milestone Scientific, Inc. (MLSS) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRBR and MLSS?
On 3 years of weekly data the BRBR/MLSS correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.24 lands near the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -872.2 %².
By 3-year correlation, MLSS places #11 of the 20 assets tracked against BRBR. Their recent paths diverged sharply: over the last 12 months MLSS outperformed by 59.0 percentage points (-74.8% for BRBR against -15.8% for MLSS). Note the risk asymmetry: MLSS runs 1.6 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.
BRBR vs MLSS: side by side
| BRBR (BellRing Brands, Inc.) | MLSS (Milestone Scientific, Inc.) | |
|---|---|---|
| 1-year return | -74.8% | -15.8% |
| 5-year return | -68.8% | -72.6% |
| Volatility (ann.) | 51.5% | 84.1% |
| Beta vs S&P 500 | 0.49 | 0.81 |
| Max drawdown (3Y) | -90.0% | -81.2% |
| Market cap | $1.2B | – |
| P/E (trailing) | 7.6 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRBR | MLSS |
|---|---|---|
| 2022 | -10.1% | -76.7% |
| 2023 | +116.2% | +43.8% |
| 2024 | +35.9% | +39.1% |
| 2025 | -64.5% | -71.9% |
| 2026 | -61.6% | +87.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRBR and MLSS good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRBR and MLSS?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.24 over the last year and -0.10 over 5 years.
Is MLSS a good diversifier for BRBR?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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/brbr-vs-mlss.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brbr-vs-mlss/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRBR correlations · MLSS correlations
