BRLS vs HBAN: Correlation
How closely do Borealis Foods Inc. - Class A (BRLS) and Huntington Bancshares (HBAN) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRLS and HBAN?
Over the past 3 years, BRLS and HBAN moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.32) than the 3-year average (-0.15). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -707.9 %².
Within BRLS's tracked universe of 21 assets, HBAN comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HBAN outperformed by 60.0 percentage points (-61.7% for BRLS against -1.7% for HBAN). Note the risk asymmetry: BRLS runs 5.4 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.
BRLS vs HBAN: side by side
| BRLS (Borealis Foods Inc. - Class A) | HBAN (Huntington Bancshares) | |
|---|---|---|
| 1-year return | -61.7% | -1.7% |
| 5-year return | -88.7% | +36.8% |
| Volatility (ann.) | 160.0% | 29.8% |
| Beta vs S&P 500 | -0.09 | 1.07 |
| Max drawdown (3Y) | -94.8% | -30.0% |
| Market cap | – | $34.1B |
| P/E (trailing) | – | 13.1 |
| Dividend yield | 0.00% | 3.64% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BRLS | HBAN |
|---|---|---|
| 2022 | +4.6% | -4.4% |
| 2023 | +9.5% | -4.7% |
| 2024 | -47.3% | +33.7% |
| 2025 | -66.5% | +10.8% |
| 2026 | -44.5% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRLS and HBAN good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between BRLS and HBAN?
As of 2026-08-27, the correlation of weekly returns between BRLS and HBAN is -0.15 over 3 years, -0.32 over 1 year and -0.11 over 5 years.
Is HBAN a good diversifier for BRLS?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brls-vs-hban.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/brls-vs-hban/)
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Related comparisons
Hubs: BRLS correlations · HBAN correlations
