FRNM vs WRB: Correlation
Measured on weekly returns over the past three years, Freenome, Inc. (FRNM) and W. R. Berkley Corporation (WRB) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRNM and WRB?
Across a 3-year window, the weekly returns of FRNM and WRB correlate at -0.25, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.25). Stretching to 5 years gives n/a, with an annualized covariance of -122.2 %².
Within FRNM's tracked universe of 34 assets, WRB comes in at #27 by 3-year correlation. The last year tells two different stories: FRNM led by 34.3 percentage points, +32.3% for FRNM against -2.0% for WRB.
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.
FRNM vs WRB: side by side
| FRNM (Freenome, Inc.) | WRB (W. R. Berkley Corporation) | |
|---|---|---|
| 1-year return | +32.3% | -2.0% |
| 5-year return | n/a | +130.5% |
| Volatility (ann.) | 21.1% | 22.5% |
| Beta vs S&P 500 | 0.03 | 0.19 |
| Max drawdown (3Y) | -29.6% | -17.6% |
| Market cap | $1.5B | $25.4B |
| P/E (trailing) | – | 14.1 |
| Dividend yield | 0.00% | 0.54% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FRNM | WRB |
|---|---|---|
| 2022 | – | +33.9% |
| 2023 | – | +0.2% |
| 2024 | – | +27.2% |
| 2025 | +28.0% | +23.0% |
| 2026 | +7.0% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRNM and WRB good diversifiers for each other?
Yes. With a correlation of -0.25, FRNM and WRB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FRNM and WRB?
As of 2026-08-27, the correlation of weekly returns between FRNM and WRB is -0.25 over 3 years, -0.36 over 1 year and n/a over 5 years.
Is WRB a good diversifier for FRNM?
Yes. With a correlation of -0.25, FRNM and WRB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 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/frnm-vs-wrb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/frnm-vs-wrb/)
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Related comparisons
Hubs: FRNM correlations · WRB correlations
