TULP vs WRAP: Correlation
Bloomia Holdings, Inc. (TULP) and Wrap Technologies, Inc. (WRAP) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TULP and WRAP?
Across a 3-year window, the weekly returns of TULP and WRAP correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.21 over 3. Stretching to 5 years gives 0.01, with an annualized covariance of -1167.0 %².
Out of 16 assets tracked against TULP, WRAP lands near the bottom at #12. The last year tells two different stories: WRAP led by 70.7 percentage points, -40.4% for TULP against +30.3% for WRAP. One caveat on sizing: WRAP is 2.0 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.
TULP vs WRAP: side by side
| TULP (Bloomia Holdings, Inc.) | WRAP (Wrap Technologies, Inc.) | |
|---|---|---|
| 1-year return | -40.4% | +30.3% |
| 5-year return | -59.8% | -77.2% |
| Volatility (ann.) | 52.9% | 106.0% |
| Beta vs S&P 500 | 0.08 | 2.11 |
| Max drawdown (3Y) | -53.2% | -76.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TULP | WRAP |
|---|---|---|
| 2022 | -66.2% | -57.0% |
| 2023 | -41.0% | +83.4% |
| 2024 | +5.2% | -31.6% |
| 2025 | -28.9% | +12.3% |
| 2026 | -1.4% | -27.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TULP and WRAP good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TULP and WRAP?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.26 over the last year and 0.01 over 5 years.
Is WRAP a good diversifier for TULP?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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/tulp-vs-wrap.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tulp-vs-wrap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TULP correlations · WRAP correlations
