BRCC vs NCPL: Correlation
How closely do BRC Inc. (BRCC) and Netcapital Inc. (NCPL) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRCC and NCPL?
Over the past 3 years, BRCC and NCPL moved with a correlation of 0.48, which is moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.48). Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 36806.7 %².
By 3-year correlation, NCPL places #10 of the 20 assets tracked against BRCC. Their recent paths diverged sharply: over the last 12 months BRCC outperformed by 494.9 percentage points (+420.5% for BRCC against -74.4% for NCPL). Note the risk asymmetry: BRCC runs 3.3 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 NCPL: side by side
| BRCC (BRC Inc.) | NCPL (Netcapital Inc.) | |
|---|---|---|
| 1-year return | +420.5% | -74.4% |
| 5-year return | -46.4% | -99.9% |
| Volatility (ann.) | 497.7% | 152.6% |
| Beta vs S&P 500 | 2.05 | 1.81 |
| Max drawdown (3Y) | -90.8% | -99.4% |
| 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 | NCPL |
|---|---|---|
| 2022 | – | -90.0% |
| 2023 | -40.6% | -85.9% |
| 2024 | -12.7% | -86.0% |
| 2025 | -65.0% | -68.3% |
| 2026 | +655.0% | -18.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRCC and NCPL good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BRCC and NCPL?
The BRCC/NCPL correlation stands at 0.48 on a 3-year window (1 year: 0.62, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is NCPL a good diversifier for BRCC?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brcc-vs-ncpl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brcc-vs-ncpl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRCC correlations · NCPL correlations
