BRBR vs MNDO: Correlation
How closely do BellRing Brands, Inc. (BRBR) and MIND C.T.I. Ltd. (MNDO) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRBR and MNDO?
Across a 3-year window, the weekly returns of BRBR and MNDO correlate at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. Stretching to 5 years gives 0.26, with an annualized covariance of 445.8 %².
Among the 20 assets we track against BRBR, MNDO ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MNDO outperformed by 59.7 percentage points (-74.8% for BRBR against -15.1% for MNDO). One caveat on sizing: BRBR is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MNDO: side by side
| BRBR (BellRing Brands, Inc.) | MNDO (MIND C.T.I. Ltd.) | |
|---|---|---|
| 1-year return | -74.8% | -15.1% |
| 5-year return | -68.8% | -51.6% |
| Volatility (ann.) | 51.5% | 24.9% |
| Beta vs S&P 500 | 0.49 | 0.32 |
| Max drawdown (3Y) | -90.0% | -54.6% |
| Market cap | $1.2B | – |
| P/E (trailing) | 7.6 | 6.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRBR | MNDO |
|---|---|---|
| 2022 | -10.1% | -26.5% |
| 2023 | +116.2% | +4.2% |
| 2024 | +35.9% | +13.1% |
| 2025 | -64.5% | -34.9% |
| 2026 | -61.6% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRBR and MNDO good diversifiers for each other?
Reasonably. At 0.35, BRBR and MNDO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BRBR and MNDO?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.29 over the last year and 0.26 over 5 years.
Is MNDO a good diversifier for BRBR?
Reasonably. At 0.35, BRBR and MNDO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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
$ curl https://www.pairbook.io/api/v1/pairs/brbr-vs-mndo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brbr-vs-mndo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRBR correlations · MNDO correlations
