BNL vs XRN: Correlation
Measured on weekly returns over the past three years, Bro (BNL) and Chiron Real Estate Inc. (XRN) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNL and XRN?
On 3 years of weekly data the BNL/XRN correlation comes out at 0.62, strong. Recent behaviour matches the longer record: 0.52 over 1 year against 0.62 over 3. The 5-year figure is 0.64, and annualized covariance runs at 381.4 %².
Among the 13 assets we track against BNL, XRN ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BNL outperformed by 16.5 percentage points (+22.4% for BNL against +5.9% for XRN).
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.
BNL vs XRN: side by side
| BNL (Bro) | XRN (Chiron Real Estate Inc.) | |
|---|---|---|
| 1-year return | +22.4% | +5.9% |
| 5-year return | +7.7% | -27.0% |
| Volatility (ann.) | 21.0% | 29.5% |
| Beta vs S&P 500 | 0.31 | 0.62 |
| Max drawdown (3Y) | -19.5% | -39.2% |
| Market cap | $4.5B | $0.5B |
| P/E (trailing) | 28.2 | 10.1 |
| Dividend yield | 5.47% | 6.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNL | XRN |
|---|---|---|
| 2022 | -30.8% | -42.4% |
| 2023 | +14.0% | +27.9% |
| 2024 | -1.1% | -23.6% |
| 2025 | +17.3% | -4.1% |
| 2026 | +25.3% | +13.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNL and XRN good diversifiers for each other?
Only partially. A correlation of 0.62 means BNL and XRN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BNL and XRN?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.52 over the last year and 0.64 over 5 years.
Is XRN a good diversifier for BNL?
Only partially. A correlation of 0.62 means BNL and XRN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 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/bnl-vs-xrn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bnl-vs-xrn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BNL correlations · XRN correlations
