BUD vs REPL: Correlation
Anheuser-Busch Inbev SA Sponsored ADR (Belgium) (BUD) and Replimune Group, Inc. (REPL) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUD and REPL?
Across a 3-year window, the weekly returns of BUD and REPL correlate at -0.31, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.15) than the 3-year average (-0.31). Stretching to 5 years gives -0.20, with an annualized covariance of -1261.4 %².
Among the 15 assets we track against BUD, REPL sits near the bottom by co-movement, at rank #15. The last year tells two different stories: REPL led by 154.3 percentage points, +27.8% for BUD against +182.1% for REPL. Note the risk asymmetry: REPL runs 5.8 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.
BUD vs REPL: side by side
| BUD (Anheuser-Busch Inbev SA Sponsored ADR (Belgium)) | REPL (Replimune Group, Inc.) | |
|---|---|---|
| 1-year return | +27.8% | +182.1% |
| 5-year return | +39.0% | -50.4% |
| Volatility (ann.) | 26.7% | 153.7% |
| Beta vs S&P 500 | 0.38 | 0.48 |
| Max drawdown (3Y) | -31.5% | -92.0% |
| Market cap | $155.8B | $1.5B |
| P/E (trailing) | 16.9 | – |
| Dividend yield | 1.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUD | REPL |
|---|---|---|
| 2022 | +0.1% | +0.4% |
| 2023 | +9.0% | -69.0% |
| 2024 | -21.4% | +43.7% |
| 2025 | +30.1% | -19.7% |
| 2026 | +25.4% | +60.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUD and REPL good diversifiers for each other?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BUD and REPL?
The BUD/REPL correlation stands at -0.31 on a 3-year window (1 year: -0.15, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is REPL a good diversifier for BUD?
Yes: at -0.31, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.31 mean?
A reading of -0.31 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/bud-vs-repl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bud-vs-repl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BUD correlations · REPL correlations
