BRLS vs CBRE: Correlation
How closely do Borealis Foods Inc. - Class A (BRLS) and CBRE Group (CBRE) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRLS and CBRE?
Over the past 3 years, BRLS and CBRE moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.45) runs below the 3-year figure (-0.24). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -1160.6 %².
CBRE is close to the least connected end of BRLS's tracked universe, ranking #17 of 21. The last year tells two different stories: CBRE led by 52.0 percentage points, -61.7% for BRLS against -9.7% for CBRE. Risk is not evenly split, since BRLS carries 5.3 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.
BRLS vs CBRE: side by side
| BRLS (Borealis Foods Inc. - Class A) | CBRE (CBRE Group) | |
|---|---|---|
| 1-year return | -61.7% | -9.7% |
| 5-year return | -88.7% | +53.3% |
| Volatility (ann.) | 160.0% | 30.4% |
| Beta vs S&P 500 | -0.09 | 1.04 |
| Max drawdown (3Y) | -94.8% | -27.4% |
| Market cap | – | $42.6B |
| P/E (trailing) | – | 34.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | BRLS | CBRE |
|---|---|---|
| 2022 | +4.6% | -29.1% |
| 2023 | +9.5% | +21.0% |
| 2024 | -47.3% | +41.0% |
| 2025 | -66.5% | +22.5% |
| 2026 | -44.5% | -8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRLS and CBRE good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRLS and CBRE?
As of 2026-08-27, the correlation of weekly returns between BRLS and CBRE is -0.24 over 3 years, -0.45 over 1 year and -0.19 over 5 years.
Is CBRE a good diversifier for BRLS?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brls-vs-cbre.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brls-vs-cbre/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRLS correlations · CBRE correlations
