BRCC vs SKYE: Correlation
How closely do BRC Inc. (BRCC) and Skye Bioscience, Inc. (SKYE) trade together? Their weekly returns over three years give a correlation of 0.89, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRCC and SKYE?
Over the past 3 years, BRCC and SKYE moved with a correlation of 0.89, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.99) sits close to the 3-year figure. Over 5 years the correlation is 0.87, and the annualized covariance of weekly returns is 170631.2 %².
By 3-year correlation, SKYE places #6 of the 20 assets tracked against BRCC. Their recent paths diverged sharply: over the last 12 months BRCC outperformed by 464.1 percentage points (+420.5% for BRCC against -43.6% for SKYE).
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 SKYE: side by side
| BRCC (BRC Inc.) | SKYE (Skye Bioscience, Inc.) | |
|---|---|---|
| 1-year return | +420.5% | -43.6% |
| 5-year return | -46.4% | -94.3% |
| Volatility (ann.) | 497.7% | 384.6% |
| Beta vs S&P 500 | 2.05 | 2.80 |
| Max drawdown (3Y) | -90.8% | -98.4% |
| 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 | SKYE |
|---|---|---|
| 2022 | – | -69.2% |
| 2023 | -40.6% | -32.0% |
| 2024 | -12.7% | +4.0% |
| 2025 | -65.0% | -73.5% |
| 2026 | +655.0% | +160.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRCC and SKYE good diversifiers for each other?
No. With a correlation of 0.89, BRCC and SKYE move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BRCC and SKYE?
Using weekly returns as of 2026-08-27: 0.89 over 3 years, with 0.99 over the last year and 0.87 over 5 years.
Is SKYE a good diversifier for BRCC?
No. With a correlation of 0.89, BRCC and SKYE move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.89 mean?
A reading of 0.89 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-skye.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brcc-vs-skye/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRCC correlations · SKYE correlations
