BRLS vs RJF: Correlation
Borealis Foods Inc. - Class A (BRLS) and Raymond James Financial (RJF) 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 RJF?
Across a 3-year window, the weekly returns of BRLS and RJF correlate at -0.16, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.40 versus -0.16 over 3 years. Stretching to 5 years gives -0.11, with an annualized covariance of -647.9 %².
By 3-year correlation, RJF places #11 of the 21 assets tracked against BRLS. Their recent paths diverged sharply: over the last 12 months RJF outperformed by 68.0 percentage points (-61.7% for BRLS against +6.3% for RJF). Risk is not evenly split, since BRLS carries 6.5 times the volatility of the other side.
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 RJF: side by side
| BRLS (Borealis Foods Inc. - Class A) | RJF (Raymond James Financial) | |
|---|---|---|
| 1-year return | -61.7% | +6.3% |
| 5-year return | -88.7% | +102.1% |
| Volatility (ann.) | 160.0% | 24.8% |
| Beta vs S&P 500 | -0.09 | 1.03 |
| Max drawdown (3Y) | -94.8% | -28.1% |
| Market cap | – | $33.8B |
| P/E (trailing) | – | 15.4 |
| Dividend yield | 0.00% | 1.20% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BRLS | RJF |
|---|---|---|
| 2022 | +4.6% | +8.3% |
| 2023 | +9.5% | +6.1% |
| 2024 | -47.3% | +40.8% |
| 2025 | -66.5% | +4.7% |
| 2026 | -44.5% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRLS and RJF good diversifiers for each other?
Yes. With a correlation of -0.16, BRLS and RJF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRLS and RJF?
As of 2026-08-27, the correlation of weekly returns between BRLS and RJF is -0.16 over 3 years, -0.40 over 1 year and -0.11 over 5 years.
Is RJF a good diversifier for BRLS?
Yes. With a correlation of -0.16, BRLS and RJF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brls-vs-rjf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brls-vs-rjf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRLS correlations · RJF correlations
