BULL vs PNBK: Correlation
How closely do Webull Corporation - Class A (BULL) and Patriot National Bancorp Inc. (PNBK) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BULL and PNBK?
Across a 3-year window, the weekly returns of BULL and PNBK correlate at 0.46, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.46 over 3 years. Stretching to 5 years gives 0.46, with an annualized covariance of 4191.1 %².
Among the 16 assets we track against BULL, PNBK ranks #4 by 3-year correlation. Their 12-month results are close: -33.7% for BULL against -32.1% for PNBK.
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 PNBK: side by side
| BULL (Webull Corporation - Class A) | PNBK (Patriot National Bancorp Inc.) | |
|---|---|---|
| 1-year return | -33.7% | -32.1% |
| 5-year return | n/a | -89.0% |
| Volatility (ann.) | 80.3% | 112.5% |
| Beta vs S&P 500 | 0.42 | 0.76 |
| Max drawdown (3Y) | -92.6% | -89.4% |
| Market cap | $5.1B | $0.1B |
| P/E (trailing) | 15.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BULL | PNBK |
|---|---|---|
| 2022 | – | -31.8% |
| 2023 | +6.3% | -63.9% |
| 2024 | +7.4% | -49.3% |
| 2025 | -33.2% | -6.2% |
| 2026 | +23.2% | -43.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BULL and PNBK good diversifiers for each other?
Reasonably. At 0.46, BULL and PNBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BULL and PNBK?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.14 over the last year and 0.46 over 5 years.
Is PNBK a good diversifier for BULL?
Reasonably. At 0.46, BULL and PNBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/bull-vs-pnbk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bull-vs-pnbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BULL correlations · PNBK correlations
