BRLS vs SIF: Correlation
Borealis Foods Inc. - Class A (BRLS) and SIFCO Industries, Inc. (SIF) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRLS and SIF?
Across a 3-year window, the weekly returns of BRLS and SIF correlate at 0.40, moderate. The past 12 months show a tighter link (0.57) than the 3-year average (0.40). Stretching to 5 years gives 0.33, with an annualized covariance of 4911.0 %².
By 3-year correlation, SIF places #4 of the 21 assets tracked against BRLS. The last year tells two different stories: SIF led by 293.9 percentage points, -61.7% for BRLS against +232.2% for SIF. One caveat on sizing: BRLS is 2.1 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 SIF: side by side
| BRLS (Borealis Foods Inc. - Class A) | SIF (SIFCO Industries, Inc.) | |
|---|---|---|
| 1-year return | -61.7% | +232.2% |
| 5-year return | -88.7% | +174.7% |
| Volatility (ann.) | 160.0% | 76.9% |
| Beta vs S&P 500 | -0.09 | 0.80 |
| Max drawdown (3Y) | -94.8% | -57.3% |
| Market cap | – | – |
| P/E (trailing) | – | 35.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRLS | SIF |
|---|---|---|
| 2022 | +4.6% | -66.8% |
| 2023 | +9.5% | +110.2% |
| 2024 | -47.3% | -21.8% |
| 2025 | -66.5% | +57.2% |
| 2026 | -44.5% | +300.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRLS and SIF good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BRLS and SIF?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.57 over the last year and 0.33 over 5 years.
Is SIF a good diversifier for BRLS?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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-sif.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brls-vs-sif/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRLS correlations · SIF correlations
