BRLS vs PNC: Correlation
Borealis Foods Inc. - Class A (BRLS) and PNC Financial Services (PNC) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRLS and PNC?
Over the past 3 years, BRLS and PNC moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.35) runs below the 3-year figure (-0.16). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -661.5 %².
By 3-year correlation, PNC places #10 of the 21 assets tracked against BRLS. The last year tells two different stories: PNC led by 83.8 percentage points, -61.7% for BRLS against +22.1% for PNC. One caveat on sizing: BRLS is 6.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PNC: side by side
| BRLS (Borealis Foods Inc. - Class A) | PNC (PNC Financial Services) | |
|---|---|---|
| 1-year return | -61.7% | +22.1% |
| 5-year return | -88.7% | +53.5% |
| Volatility (ann.) | 160.0% | 25.6% |
| Beta vs S&P 500 | -0.09 | 0.92 |
| Max drawdown (3Y) | -94.8% | -29.8% |
| Market cap | – | $97.1B |
| P/E (trailing) | – | 13.5 |
| Dividend yield | 0.00% | 2.78% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BRLS | PNC |
|---|---|---|
| 2022 | +4.6% | -18.6% |
| 2023 | +9.5% | +2.7% |
| 2024 | -47.3% | +29.4% |
| 2025 | -66.5% | +12.2% |
| 2026 | -44.5% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRLS and PNC good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRLS and PNC?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.35 over the last year and -0.11 over 5 years.
Is PNC a good diversifier for BRLS?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brls-vs-pnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brls-vs-pnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRLS correlations · PNC correlations
