BRLS vs RFAI: Correlation
Measured on weekly returns over the past three years, Borealis Foods Inc. - Class A (BRLS) and RF Acquisition Corp II (RFAI) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRLS and RFAI?
Over the past 3 years, BRLS and RFAI moved with a correlation of 0.46, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.46 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 23205.6 %².
Few assets follow BRLS as closely as RFAI, which ranks #1 of 21 tracked partners. The last year tells two different stories: RFAI led by 451.2 percentage points, -61.7% for BRLS against +389.5% for RFAI. Note the risk asymmetry: RFAI runs 1.8 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 RFAI: side by side
| BRLS (Borealis Foods Inc. - Class A) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | -61.7% | +389.5% |
| 5-year return | -88.7% | n/a |
| Volatility (ann.) | 160.0% | 288.3% |
| Beta vs S&P 500 | -0.09 | -1.62 |
| Max drawdown (3Y) | -94.8% | -16.5% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 399.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRLS | RFAI |
|---|---|---|
| 2022 | +4.6% | – |
| 2023 | +9.5% | – |
| 2024 | -47.3% | – |
| 2025 | -66.5% | +5.2% |
| 2026 | -44.5% | +383.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRLS and RFAI good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BRLS and RFAI?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.49 over the last year and n/a over 5 years.
Is RFAI a good diversifier for BRLS?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 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-rfai.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/brls-vs-rfai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRLS correlations · RFAI correlations
