BRCC vs INCR: Correlation
How closely do BRC Inc. (BRCC) and Intercure Ltd. (INCR) trade together? Their weekly returns over three years give a correlation of 0.97, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRCC and INCR?
Over the past 3 years, BRCC and INCR moved with a correlation of 0.97, 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 0.96, and the annualized covariance of weekly returns is 161467.4 %².
Few assets follow BRCC as closely as INCR, which ranks #2 of 20 tracked partners. Their recent paths diverged sharply: over the last 12 months BRCC outperformed by 172.0 percentage points (+420.5% for BRCC against +248.5% for INCR).
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 INCR: side by side
| BRCC (BRC Inc.) | INCR (Intercure Ltd.) | |
|---|---|---|
| 1-year return | +420.5% | +248.5% |
| 5-year return | -46.4% | -10.0% |
| Volatility (ann.) | 497.7% | 333.4% |
| Beta vs S&P 500 | 2.05 | 1.08 |
| Max drawdown (3Y) | -90.8% | -79.8% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRCC | INCR |
|---|---|---|
| 2022 | – | -49.1% |
| 2023 | -40.6% | -60.9% |
| 2024 | -12.7% | +23.3% |
| 2025 | -65.0% | -42.8% |
| 2026 | +655.0% | +524.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRCC and INCR good diversifiers for each other?
No. With a correlation of 0.97, BRCC and INCR move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BRCC and INCR?
Using weekly returns as of 2026-08-27: 0.97 over 3 years, with 0.99 over the last year and 0.96 over 5 years.
Is INCR a good diversifier for BRCC?
No. With a correlation of 0.97, BRCC and INCR move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.97 mean?
A reading of 0.97 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 · INCR correlations
