BRID vs WHLR: Correlation
Bridgford Foods Corporation (BRID) and Wheeler Real Estate Investment Trust, Inc. (WHLR) show a negative relationship: their 3-year correlation of weekly returns is -0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRID and WHLR?
On 3 years of weekly data the BRID/WHLR correlation comes out at -0.37, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.18 versus -0.37 over 3 years. The 5-year figure is -0.26, and annualized covariance runs at -6769.3 %².
Among the 12 assets we track against BRID, WHLR sits near the bottom by co-movement, at rank #12. The last year tells two different stories: BRID led by 82.1 percentage points, -17.9% for BRID against -100.0% for WHLR. Risk is not evenly split, since WHLR carries 16.4 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.
BRID vs WHLR: side by side
| BRID (Bridgford Foods Corporation) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | -17.9% | -100.0% |
| 5-year return | -53.4% | -100.0% |
| Volatility (ann.) | 33.3% | 545.0% |
| Beta vs S&P 500 | 0.31 | -5.84 |
| Max drawdown (3Y) | -54.0% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRID | WHLR |
|---|---|---|
| 2022 | -1.6% | -28.0% |
| 2023 | -7.7% | -98.4% |
| 2024 | -2.2% | -98.4% |
| 2025 | -27.5% | -100.0% |
| 2026 | -21.2% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRID and WHLR good diversifiers for each other?
Yes. With a correlation of -0.37, BRID and WHLR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRID and WHLR?
As of 2026-08-27, the correlation of weekly returns between BRID and WHLR is -0.37 over 3 years, -0.18 over 1 year and -0.26 over 5 years.
Is WHLR a good diversifier for BRID?
Yes. With a correlation of -0.37, BRID and WHLR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.37 mean?
A reading of -0.37 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: BRID correlations · WHLR correlations
