BRLS vs KELYB: Correlation
Measured on weekly returns over the past three years, Borealis Foods Inc. - Class A (BRLS) and Kelly Services, Inc. (KELYB) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRLS and KELYB?
On 3 years of weekly data the BRLS/KELYB correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.38 lands near the 3-year figure. The 5-year figure is -0.25, and annualized covariance runs at -2692.4 %².
KELYB is close to the least connected end of BRLS's tracked universe, ranking #21 of 21. Correlation aside, the last 12 months split them widely, with KELYB ahead by 124.5 points (-61.7% versus +62.8%). Note the risk asymmetry: BRLS runs 2.6 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 KELYB: side by side
| BRLS (Borealis Foods Inc. - Class A) | KELYB (Kelly Services, Inc.) | |
|---|---|---|
| 1-year return | -61.7% | +62.8% |
| 5-year return | -88.7% | +26.3% |
| Volatility (ann.) | 160.0% | 60.8% |
| Beta vs S&P 500 | -0.09 | 0.40 |
| Max drawdown (3Y) | -94.8% | -66.9% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.38% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRLS | KELYB |
|---|---|---|
| 2022 | +4.6% | +3.1% |
| 2023 | +9.5% | +27.5% |
| 2024 | -47.3% | -34.7% |
| 2025 | -66.5% | -35.9% |
| 2026 | -44.5% | +170.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRLS and KELYB good diversifiers for each other?
Yes. With a correlation of -0.28, BRLS and KELYB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRLS and KELYB?
As of 2026-08-27, the correlation of weekly returns between BRLS and KELYB is -0.28 over 3 years, -0.38 over 1 year and -0.25 over 5 years.
Is KELYB a good diversifier for BRLS?
Yes. With a correlation of -0.28, BRLS and KELYB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.28 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-kelyb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brls-vs-kelyb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRLS correlations · KELYB correlations
