BULL vs LOAN: Correlation
Measured on weekly returns over the past three years, Webull Corporation - Class A (BULL) and Manhattan Bridge Capital, Inc (LOAN) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BULL and LOAN?
Over the past 3 years, BULL and LOAN moved with a correlation of 0.35, which is moderate. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 638.1 %².
By 3-year correlation, LOAN places #8 of the 16 assets tracked against BULL. Their recent paths diverged sharply: over the last 12 months LOAN outperformed by 16.7 percentage points (-33.7% for BULL against -17.0% for LOAN). Note the risk asymmetry: BULL runs 3.5 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.
BULL vs LOAN: side by side
| BULL (Webull Corporation - Class A) | LOAN (Manhattan Bridge Capital, Inc) | |
|---|---|---|
| 1-year return | -33.7% | -17.0% |
| 5-year return | n/a | -1.5% |
| Volatility (ann.) | 80.3% | 22.8% |
| Beta vs S&P 500 | 0.42 | 0.07 |
| Max drawdown (3Y) | -92.6% | -24.8% |
| Market cap | $5.1B | – |
| P/E (trailing) | 15.7 | 9.7 |
| Dividend yield | 0.00% | 11.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BULL | LOAN |
|---|---|---|
| 2022 | – | +5.7% |
| 2023 | +6.3% | +2.2% |
| 2024 | +7.4% | +22.5% |
| 2025 | -33.2% | -9.4% |
| 2026 | +23.2% | -8.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BULL and LOAN good diversifiers for each other?
Reasonably. At 0.35, BULL and LOAN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BULL and LOAN?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.27 over the last year and 0.31 over 5 years.
Is LOAN a good diversifier for BULL?
Reasonably. At 0.35, BULL and LOAN keep a meaningful degree of independence, and combining them has historically reduced portfolio 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/bull-vs-loan.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bull-vs-loan/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BULL correlations · LOAN correlations
