BULL vs DOO: Correlation
Webull Corporation - Class A (BULL) and BRP Inc. - Common Subordinate Voting Shares (DOO) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BULL and DOO?
Across a 3-year window, the weekly returns of BULL and DOO correlate at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.30 lands near the 3-year figure. Stretching to 5 years gives -0.21, with an annualized covariance of -759.6 %².
Out of 16 assets tracked against BULL, DOO lands near the bottom at #14. Their recent paths diverged sharply: over the last 12 months DOO outperformed by 43.7 percentage points (-33.7% for BULL against +10.0% for DOO). One caveat on sizing: BULL is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BULL vs DOO: side by side
| BULL (Webull Corporation - Class A) | DOO (BRP Inc. - Common Subordinate Voting Shares) | |
|---|---|---|
| 1-year return | -33.7% | +10.0% |
| 5-year return | n/a | -24.2% |
| Volatility (ann.) | 80.3% | 41.6% |
| Beta vs S&P 500 | 0.42 | 0.66 |
| Max drawdown (3Y) | -92.6% | -58.9% |
| Market cap | $5.1B | $4.6B |
| P/E (trailing) | 15.7 | 20.0 |
| Dividend yield | 0.00% | 1.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BULL | DOO |
|---|---|---|
| 2022 | – | -12.3% |
| 2023 | +6.3% | -5.4% |
| 2024 | +7.4% | -28.3% |
| 2025 | -33.2% | +40.8% |
| 2026 | +23.2% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BULL and DOO good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BULL and DOO?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.30 over the last year and -0.21 over 5 years.
Is DOO a good diversifier for BULL?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bull-vs-doo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bull-vs-doo/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BULL correlations · DOO correlations
