BF.B vs BRN: Correlation
Measured on weekly returns over the past three years, Brown–Forman (BF.B) and Barnwell Industries, Inc. (BRN) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BF.B and BRN?
Across a 3-year window, the weekly returns of BF.B and BRN correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.21 over 3. Stretching to 5 years gives -0.12, with an annualized covariance of -372.6 %².
Among the 36 assets we track against BF.B, BRN ranks #28 by 3-year correlation. On 12-month performance BF.B holds a 11.7-point edge, -7.4% against -19.1%. Note the risk asymmetry: BRN runs 1.6 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.
BF.B vs BRN: side by side
| BF.B (Brown–Forman) | BRN (Barnwell Industries, Inc.) | |
|---|---|---|
| 1-year return | -7.4% | -19.1% |
| 5-year return | -56.8% | -58.9% |
| Volatility (ann.) | 34.0% | 53.1% |
| Beta vs S&P 500 | 0.51 | -0.22 |
| Max drawdown (3Y) | -64.8% | -68.5% |
| Market cap | $12.5B | – |
| P/E (trailing) | 18.3 | – |
| Dividend yield | 3.26% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BF.B | BRN |
|---|---|---|
| 2022 | -8.9% | +2.8% |
| 2023 | -11.9% | -16.5% |
| 2024 | -32.2% | -37.9% |
| 2025 | -29.3% | -26.5% |
| 2026 | +6.6% | -14.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BF.B and BRN good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between BF.B and BRN?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.28 over the last year and -0.12 over 5 years.
Is BRN a good diversifier for BF.B?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
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.
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Related comparisons
Hubs: BF.B correlations · BRN correlations
