BRX vs PAPL: Correlation
Brixmor Property Group Inc. (BRX) and Pineapple Financial Inc. (PAPL) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRX and PAPL?
Across a 3-year window, the weekly returns of BRX and PAPL correlate at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -894.1 %².
PAPL is close to the least connected end of BRX's tracked universe, ranking #23 of 25. Correlation aside, the last 12 months split them widely, with BRX ahead by 79.1 points (+8.4% versus -70.7%). Risk is not evenly split, since PAPL carries 8.8 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.
BRX vs PAPL: side by side
| BRX (Brixmor Property Group Inc.) | PAPL (Pineapple Financial Inc.) | |
|---|---|---|
| 1-year return | +8.4% | -70.7% |
| 5-year return | +55.9% | n/a |
| Volatility (ann.) | 20.7% | 181.2% |
| Beta vs S&P 500 | 0.56 | -0.73 |
| Max drawdown (3Y) | -22.4% | -99.4% |
| Market cap | $8.9B | – |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 4.12% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRX | PAPL |
|---|---|---|
| 2022 | -6.8% | – |
| 2023 | +7.7% | – |
| 2024 | +25.2% | -74.7% |
| 2025 | -1.7% | -84.4% |
| 2026 | +14.7% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRX and PAPL good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRX and PAPL?
The BRX/PAPL correlation stands at -0.25 on a 3-year window (1 year: -0.23, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PAPL a good diversifier for BRX?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
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/brx-vs-papl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brx-vs-papl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRX correlations · PAPL correlations
