BRLS vs WTW: Correlation
Measured on weekly returns over the past three years, Borealis Foods Inc. - Class A (BRLS) and Willis Towers Watson (WTW) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRLS and WTW?
Over the past 3 years, BRLS and WTW moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.38) than the 3-year average (-0.25). Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -949.2 %².
Among the 21 assets we track against BRLS, WTW sits near the bottom by co-movement, at rank #18. Their recent paths diverged sharply: over the last 12 months WTW outperformed by 65.9 percentage points (-61.7% for BRLS against +4.2% for WTW). Risk is not evenly split, since BRLS carries 6.8 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 WTW: side by side
| BRLS (Borealis Foods Inc. - Class A) | WTW (Willis Towers Watson) | |
|---|---|---|
| 1-year return | -61.7% | +4.2% |
| 5-year return | -88.7% | +68.3% |
| Volatility (ann.) | 160.0% | 23.5% |
| Beta vs S&P 500 | -0.09 | 0.32 |
| Max drawdown (3Y) | -94.8% | -30.4% |
| Market cap | – | $31.5B |
| P/E (trailing) | – | 21.2 |
| Dividend yield | 0.00% | 0.55% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BRLS | WTW |
|---|---|---|
| 2022 | +4.6% | +4.5% |
| 2023 | +9.5% | +0.1% |
| 2024 | -47.3% | +31.5% |
| 2025 | -66.5% | +6.1% |
| 2026 | -44.5% | +4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRLS and WTW good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between BRLS and WTW?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.38 over the last year and -0.20 over 5 years.
Is WTW a good diversifier for BRLS?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
A reading of -0.25 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-wtw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brls-vs-wtw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRLS correlations · WTW correlations
