BRCC vs HRL: Correlation
BRC Inc. (BRCC) and Hormel Foods (HRL) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRCC and HRL?
Across a 3-year window, the weekly returns of BRCC and HRL correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.23). Stretching to 5 years gives -0.18, with an annualized covariance of -2934.7 %².
Within BRCC's tracked universe of 20 assets, HRL comes in at #15 by 3-year correlation. The last year tells two different stories: BRCC led by 443.3 percentage points, +420.5% for BRCC against -22.8% for HRL. Risk is not evenly split, since BRCC carries 19.1 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.
BRCC vs HRL: side by side
| BRCC (BRC Inc.) | HRL (Hormel Foods) | |
|---|---|---|
| 1-year return | +420.5% | -22.8% |
| 5-year return | -46.4% | -44.3% |
| Volatility (ann.) | 497.7% | 26.1% |
| Beta vs S&P 500 | 2.05 | 0.07 |
| Max drawdown (3Y) | -90.8% | -44.5% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 28.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | BRCC | HRL |
|---|---|---|
| 2022 | – | -4.7% |
| 2023 | -40.6% | -27.5% |
| 2024 | -12.7% | +1.2% |
| 2025 | -65.0% | -21.3% |
| 2026 | +655.0% | -6.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRCC and HRL good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between BRCC and HRL?
The BRCC/HRL correlation stands at -0.23 on a 3-year window (1 year: -0.37, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is HRL a good diversifier for BRCC?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BRCC correlations · HRL correlations
