BRCC vs ELMD: Correlation
BRC Inc. (BRCC) and Electromed, Inc. (ELMD) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRCC and ELMD?
On 3 years of weekly data the BRCC/ELMD correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.44) than the 3-year average (-0.27). The 5-year figure is -0.22, and annualized covariance runs at -6569.2 %².
Among the 20 assets we track against BRCC, ELMD sits near the bottom by co-movement, at rank #16. Their recent paths diverged sharply: over the last 12 months BRCC outperformed by 398.8 percentage points (+420.5% for BRCC against +21.7% for ELMD). One caveat on sizing: BRCC is 10.2 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.
BRCC vs ELMD: side by side
| BRCC (BRC Inc.) | ELMD (Electromed, Inc.) | |
|---|---|---|
| 1-year return | +420.5% | +21.7% |
| 5-year return | -46.4% | +144.2% |
| Volatility (ann.) | 497.7% | 48.9% |
| Beta vs S&P 500 | 2.05 | 0.63 |
| Max drawdown (3Y) | -90.8% | -48.9% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 24.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRCC | ELMD |
|---|---|---|
| 2022 | – | -19.3% |
| 2023 | -40.6% | +4.0% |
| 2024 | -12.7% | +170.9% |
| 2025 | -65.0% | -1.5% |
| 2026 | +655.0% | +3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRCC and ELMD good diversifiers for each other?
Yes. With a correlation of -0.27, BRCC and ELMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRCC and ELMD?
The BRCC/ELMD correlation stands at -0.27 on a 3-year window (1 year: -0.44, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is ELMD a good diversifier for BRCC?
Yes. With a correlation of -0.27, BRCC and ELMD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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.
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Related comparisons
Hubs: BRCC correlations · ELMD correlations
