BRBR vs VTRS: Correlation
How closely do BellRing Brands, Inc. (BRBR) and Viatris (VTRS) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRBR and VTRS?
Across a 3-year window, the weekly returns of BRBR and VTRS correlate at -0.18, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Stretching to 5 years gives -0.05, with an annualized covariance of -300.8 %².
By 3-year correlation, VTRS places #9 of the 20 assets tracked against BRBR. Correlation aside, the last 12 months split them widely, with VTRS ahead by 142.6 points (-74.8% versus +67.8%). Note the risk asymmetry: BRBR 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 VTRS: side by side
| BRBR (BellRing Brands, Inc.) | VTRS (Viatris) | |
|---|---|---|
| 1-year return | -74.8% | +67.8% |
| 5-year return | -68.8% | +44.6% |
| Volatility (ann.) | 51.5% | 32.8% |
| Beta vs S&P 500 | 0.49 | 0.79 |
| Max drawdown (3Y) | -90.0% | -45.0% |
| Market cap | $1.2B | $19.4B |
| P/E (trailing) | 7.6 | – |
| Dividend yield | 0.00% | 2.85% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BRBR | VTRS |
|---|---|---|
| 2022 | -10.1% | -14.3% |
| 2023 | +116.2% | +2.1% |
| 2024 | +35.9% | +19.7% |
| 2025 | -64.5% | +5.1% |
| 2026 | -61.6% | +38.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRBR and VTRS good diversifiers for each other?
Yes. With a correlation of -0.18, BRBR and VTRS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRBR and VTRS?
The BRBR/VTRS correlation stands at -0.18 on a 3-year window (1 year: -0.19, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is VTRS a good diversifier for BRBR?
Yes. With a correlation of -0.18, BRBR and VTRS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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: BRBR correlations · VTRS correlations
