BRBS vs SSM: Correlation
How closely do Blue Ridge Bankshares, Inc. (BRBS) and Sono Group N.V. (SSM) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRBS and SSM?
Across a 3-year window, the weekly returns of BRBS and SSM correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.03) runs above the 3-year figure (-0.21). Stretching to 5 years gives -0.19, with an annualized covariance of -12201.1 %².
SSM is close to the least connected end of BRBS's tracked universe, ranking #9 of 11. Their recent paths diverged sharply: over the last 12 months BRBS outperformed by 71.4 percentage points (+20.9% for BRBS against -50.5% for SSM). One caveat on sizing: SSM is 25.2 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.
BRBS vs SSM: side by side
| BRBS (Blue Ridge Bankshares, Inc.) | SSM (Sono Group N.V.) | |
|---|---|---|
| 1-year return | +20.9% | -50.5% |
| 5-year return | -70.4% | -99.9% |
| Volatility (ann.) | 47.8% | 1204.8% |
| Beta vs S&P 500 | 0.73 | 0.56 |
| Max drawdown (3Y) | -74.3% | -99.4% |
| 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 | SSM |
|---|---|---|
| 2022 | -27.9% | -89.8% |
| 2023 | -75.2% | -93.9% |
| 2024 | +6.3% | -16.7% |
| 2025 | +40.1% | +86.7% |
| 2026 | +6.6% | -61.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRBS and SSM good diversifiers for each other?
Yes. With a correlation of -0.21, BRBS and SSM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRBS and SSM?
The BRBS/SSM correlation stands at -0.21 on a 3-year window (1 year: 0.03, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is SSM a good diversifier for BRBS?
Yes. With a correlation of -0.21, BRBS and SSM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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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[](https://www.pairbook.io/pair/brbs-vs-ssm/)
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Related comparisons
Hubs: BRBS correlations · SSM correlations
