BRO vs TULP: Correlation
How closely do Brown & Brown (BRO) and Bloomia Holdings, Inc. (TULP) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRO and TULP?
Over the past 3 years, BRO and TULP moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Over 5 years the correlation is 0.06, and the annualized covariance of weekly returns is -269.9 %².
Within BRO's tracked universe of 35 assets, TULP comes in at #30 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BRO ahead by 15.4 points (-25.0% versus -40.4%). Note the risk asymmetry: TULP runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BRO vs TULP: side by side
| BRO (Brown & Brown) | TULP (Bloomia Holdings, Inc.) | |
|---|---|---|
| 1-year return | -25.0% | -40.4% |
| 5-year return | +27.5% | -59.8% |
| Volatility (ann.) | 24.4% | 52.9% |
| Beta vs S&P 500 | 0.39 | 0.08 |
| Max drawdown (3Y) | -55.8% | -53.2% |
| Market cap | $23.9B | – |
| P/E (trailing) | 23.3 | – |
| Dividend yield | 0.89% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BRO | TULP |
|---|---|---|
| 2022 | -18.4% | -66.2% |
| 2023 | +25.7% | -41.0% |
| 2024 | +44.3% | +5.2% |
| 2025 | -21.4% | -28.9% |
| 2026 | -9.7% | -1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRO and TULP good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRO and TULP?
The BRO/TULP correlation stands at -0.21 on a 3-year window (1 year: -0.25, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is TULP a good diversifier for BRO?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/bro-vs-tulp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bro-vs-tulp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRO correlations · TULP correlations
