BRC vs MI: Correlation
Measured on weekly returns over the past three years, Brady Corporation (BRC) and NFT Limited Class A (MI) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRC and MI?
On 3 years of weekly data the BRC/MI correlation comes out at 0.51, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.66 versus 0.51 over 3 years. The 5-year figure is 0.41, and annualized covariance runs at 59792.5 %².
Few assets follow BRC as closely as MI, which ranks #1 of 14 tracked partners. Correlation aside, the last 12 months split them widely, with BRC ahead by 32.4 points (+22.1% versus -10.3%). Risk is not evenly split, since MI carries 167.7 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.
BRC vs MI: side by side
| BRC (Brady Corporation) | MI (NFT Limited Class A) | |
|---|---|---|
| 1-year return | +22.1% | -10.3% |
| 5-year return | +91.6% | -99.5% |
| Volatility (ann.) | 26.5% | 4443.9% |
| Beta vs S&P 500 | 0.43 | 8.21 |
| Max drawdown (3Y) | -26.1% | -98.5% |
| Market cap | – | – |
| P/E (trailing) | 21.4 | – |
| Dividend yield | 1.04% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRC | MI |
|---|---|---|
| 2022 | -10.9% | -86.4% |
| 2023 | +26.9% | -66.2% |
| 2024 | +27.7% | -61.9% |
| 2025 | +7.6% | +13.3% |
| 2026 | +20.3% | -28.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRC and MI good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BRC and MI?
The BRC/MI correlation stands at 0.51 on a 3-year window (1 year: 0.66, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is MI a good diversifier for BRC?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 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/brc-vs-mi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brc-vs-mi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRC correlations · MI correlations
