BRLT vs FSI: Correlation
Brilliant Earth Group, Inc. (BRLT) and Flexible Solutions International Inc. (FSI) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRLT and FSI?
On 3 years of weekly data the BRLT/FSI correlation comes out at 0.35, moderate. The past 12 months show a weaker link (0.17) than the 3-year average (0.35). The 5-year figure is 0.27, and annualized covariance runs at 1722.4 %².
Within BRLT's tracked universe of 12 assets, FSI comes in at #6 by 3-year correlation. The last year tells two different stories: FSI led by 15.3 percentage points, -53.7% for BRLT against -38.4% for FSI.
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.
BRLT vs FSI: side by side
| BRLT (Brilliant Earth Group, Inc.) | FSI (Flexible Solutions International Inc.) | |
|---|---|---|
| 1-year return | -53.7% | -38.4% |
| 5-year return | -91.4% | +71.9% |
| Volatility (ann.) | 66.7% | 73.1% |
| Beta vs S&P 500 | 1.29 | 1.39 |
| Max drawdown (3Y) | -68.9% | -56.4% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRLT | FSI |
|---|---|---|
| 2022 | -76.1% | -20.3% |
| 2023 | -13.7% | -37.3% |
| 2024 | -43.5% | +89.0% |
| 2025 | -6.3% | +90.6% |
| 2026 | -25.1% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRLT and FSI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BRLT and FSI?
As of 2026-08-27, the correlation of weekly returns between BRLT and FSI is 0.35 over 3 years, 0.17 over 1 year and 0.27 over 5 years.
Is FSI a good diversifier for BRLT?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/brlt-vs-fsi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brlt-vs-fsi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRLT correlations · FSI correlations
