BRLS vs VAL: Correlation
Borealis Foods Inc. - Class A (BRLS) and Valaris Limited (VAL) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRLS and VAL?
Over the past 3 years, BRLS and VAL moved with a correlation of 0.42, which is moderate. The past 12 months show a tighter link (0.59) than the 3-year average (0.42). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 3547.5 %².
VAL is one of the assets that tracks BRLS most closely: it ranks #3 out of the 21 assets we track against BRLS. The last year tells two different stories: VAL led by 135.0 percentage points, -61.7% for BRLS against +73.3% for VAL. Risk is not evenly split, since BRLS carries 3.0 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 VAL: side by side
| BRLS (Borealis Foods Inc. - Class A) | VAL (Valaris Limited) | |
|---|---|---|
| 1-year return | -61.7% | +73.3% |
| 5-year return | -88.7% | +200.2% |
| Volatility (ann.) | 160.0% | 52.9% |
| Beta vs S&P 500 | -0.09 | 0.77 |
| Max drawdown (3Y) | -94.8% | -63.8% |
| Market cap | – | $5.9B |
| P/E (trailing) | – | 6.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRLS | VAL |
|---|---|---|
| 2022 | +4.6% | +87.8% |
| 2023 | +9.5% | +1.4% |
| 2024 | -47.3% | -35.5% |
| 2025 | -66.5% | +13.9% |
| 2026 | -44.5% | +69.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRLS and VAL good diversifiers for each other?
Reasonably. At 0.42, BRLS and VAL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BRLS and VAL?
As of 2026-08-27, the correlation of weekly returns between BRLS and VAL is 0.42 over 3 years, 0.59 over 1 year and 0.34 over 5 years.
Is VAL a good diversifier for BRLS?
Reasonably. At 0.42, BRLS and VAL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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-val.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brls-vs-val/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: BRLS correlations · VAL correlations
