BRBS vs FEMY: Correlation
Measured on weekly returns over the past three years, Blue Ridge Bankshares, Inc. (BRBS) and Femasys Inc. (FEMY) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRBS and FEMY?
Over the past 3 years, BRBS and FEMY moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.14) than the 3-year average (-0.32). Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -7880.1 %².
FEMY is close to the least connected end of BRBS's tracked universe, ranking #11 of 11. Their recent paths diverged sharply: over the last 12 months BRBS outperformed by 82.1 percentage points (+20.9% for BRBS against -61.2% for FEMY). Risk is not evenly split, since FEMY carries 10.7 times the volatility of the other side.
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.
BRBS vs FEMY: side by side
| BRBS (Blue Ridge Bankshares, Inc.) | FEMY (Femasys Inc.) | |
|---|---|---|
| 1-year return | +20.9% | -61.2% |
| 5-year return | -70.4% | -98.0% |
| Volatility (ann.) | 47.8% | 509.3% |
| Beta vs S&P 500 | 0.73 | -0.49 |
| Max drawdown (3Y) | -74.3% | -97.2% |
| Market cap | $0.3B | – |
| P/E (trailing) | 43.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRBS | FEMY |
|---|---|---|
| 2022 | -27.9% | -76.9% |
| 2023 | -75.2% | +8.3% |
| 2024 | +6.3% | +12.8% |
| 2025 | +40.1% | -47.6% |
| 2026 | +6.6% | -75.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRBS and FEMY good diversifiers for each other?
Yes. With a correlation of -0.32, BRBS and FEMY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRBS and FEMY?
Using weekly returns as of 2026-08-27: -0.32 over 3 years, with 0.14 over the last year and -0.28 over 5 years.
Is FEMY a good diversifier for BRBS?
Yes. With a correlation of -0.32, BRBS and FEMY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.32 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.
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Related comparisons
Hubs: BRBS correlations · FEMY correlations
