BRCC vs GRML: Correlation
Measured on weekly returns over the past three years, BRC Inc. (BRCC) and Greenland Mines Ltd (GRML) carry a correlation of 0.95, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRCC and GRML?
Over the past 3 years, BRCC and GRML moved with a correlation of 0.95, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.99 lands near the 3-year figure. Over 5 years the correlation is 0.95, and the annualized covariance of weekly returns is 706413.2 %².
Among the 20 assets we track against BRCC, GRML ranks #5 by 3-year correlation. The last year tells two different stories: GRML led by 200.0 percentage points, +420.5% for BRCC against +620.5% for GRML. Note the risk asymmetry: GRML runs 3.0 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.
BRCC vs GRML: side by side
| BRCC (BRC Inc.) | GRML (Greenland Mines Ltd) | |
|---|---|---|
| 1-year return | +420.5% | +620.5% |
| 5-year return | -46.4% | -46.8% |
| Volatility (ann.) | 497.7% | 1495.4% |
| Beta vs S&P 500 | 2.05 | 2.17 |
| Max drawdown (3Y) | -90.8% | -99.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRCC | GRML |
|---|---|---|
| 2023 | -40.6% | +6.3% |
| 2024 | -12.7% | -95.5% |
| 2025 | -65.0% | -40.4% |
| 2026 | +655.0% | +1720.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRCC and GRML good diversifiers for each other?
No: a correlation of 0.95 means BRCC and GRML tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BRCC and GRML?
Using weekly returns as of 2026-08-27: 0.95 over 3 years, with 0.99 over the last year and 0.95 over 5 years.
Is GRML a good diversifier for BRCC?
No: a correlation of 0.95 means BRCC and GRML tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.95 mean?
On the −1 to +1 scale, 0.95 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
$ curl https://www.pairbook.io/api/v1/pairs/brcc-vs-grml.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brcc-vs-grml/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRCC correlations · GRML correlations
