AEHL vs BRNX: Correlation
How closely do Antelope Enterprise Holdings Limited - Class A (AEHL) and BrenX Ltd. (BRNX) trade together? Their weekly returns over three years give a correlation of 0.89, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEHL and BRNX?
Over the past 3 years, AEHL and BRNX moved with a correlation of 0.89, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.92 lands near the 3-year figure. Over 5 years the correlation is 0.89, and the annualized covariance of weekly returns is 573291.4 %².
Within AEHL's tracked universe of 26 assets, BRNX comes in at #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AEHL ahead by 21.3 points (-73.6% versus -94.9%). Note the risk asymmetry: AEHL runs 2.2 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.
AEHL vs BRNX: side by side
| AEHL (Antelope Enterprise Holdings Limited - Class A) | BRNX (BrenX Ltd.) | |
|---|---|---|
| 1-year return | -73.6% | -94.9% |
| 5-year return | -99.9% | -99.9% |
| Volatility (ann.) | 1193.4% | 539.2% |
| Beta vs S&P 500 | 1.91 | 1.25 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AEHL | BRNX |
|---|---|---|
| 2022 | -62.9% | – |
| 2023 | -56.1% | -57.4% |
| 2024 | -91.1% | -77.8% |
| 2025 | -80.8% | -92.4% |
| 2026 | -52.1% | -77.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEHL and BRNX good diversifiers for each other?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AEHL and BRNX?
Using weekly returns as of 2026-08-27: 0.89 over 3 years, with 0.92 over the last year and 0.89 over 5 years.
Is BRNX a good diversifier for AEHL?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.89 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/aehl-vs-brnx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aehl-vs-brnx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEHL correlations · BRNX correlations
