BRLS vs KD: Correlation
How closely do Borealis Foods Inc. - Class A (BRLS) and Kyndryl Holdings, Inc. (KD) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRLS and KD?
Over the past 3 years, BRLS and KD moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.45) than the 3-year average (-0.26). Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -2218.0 %².
Among the 21 assets we track against BRLS, KD sits near the bottom by co-movement, at rank #19. Twelve-month performance is nearly a tie, at -61.7% for BRLS and -58.0% for KD. Note the risk asymmetry: BRLS runs 3.0 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 KD: side by side
| BRLS (Borealis Foods Inc. - Class A) | KD (Kyndryl Holdings, Inc.) | |
|---|---|---|
| 1-year return | -61.7% | -58.0% |
| 5-year return | -88.7% | -67.5% |
| Volatility (ann.) | 160.0% | 53.4% |
| Beta vs S&P 500 | -0.09 | 1.59 |
| Max drawdown (3Y) | -94.8% | -75.6% |
| Market cap | – | $2.9B |
| P/E (trailing) | – | 34.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRLS | KD |
|---|---|---|
| 2022 | +4.6% | -38.6% |
| 2023 | +9.5% | +86.9% |
| 2024 | -47.3% | +66.5% |
| 2025 | -66.5% | -23.2% |
| 2026 | -44.5% | -50.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRLS and KD good diversifiers for each other?
Yes. With a correlation of -0.26, BRLS and KD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRLS and KD?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.45 over the last year and -0.18 over 5 years.
Is KD a good diversifier for BRLS?
Yes. With a correlation of -0.26, BRLS and KD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 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-kd.json
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Hubs: BRLS correlations · KD correlations
