BRFH vs ENVX: Correlation
Measured on weekly returns over the past three years, Barfresh Food Group Inc. (BRFH) and Enovix Corporation (ENVX) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRFH and ENVX?
Across a 3-year window, the weekly returns of BRFH and ENVX correlate at 0.31, moderate. The relationship has been stable: the 1-year correlation (0.38) sits close to the 3-year figure. Stretching to 5 years gives 0.16, with an annualized covariance of 2759.6 %².
By 3-year correlation, ENVX places #5 of the 12 assets tracked against BRFH. The trailing year gives BRFH the advantage: -60.6% versus -65.9%, a 5.3-point spread.
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.
BRFH vs ENVX: side by side
| BRFH (Barfresh Food Group Inc.) | ENVX (Enovix Corporation) | |
|---|---|---|
| 1-year return | -60.6% | -65.9% |
| 5-year return | -78.8% | -76.8% |
| Volatility (ann.) | 101.1% | 88.0% |
| Beta vs S&P 500 | 0.79 | 2.61 |
| Max drawdown (3Y) | -72.9% | -82.9% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRFH | ENVX |
|---|---|---|
| 2022 | -80.2% | -54.4% |
| 2023 | +22.3% | +0.6% |
| 2024 | +84.9% | -13.2% |
| 2025 | -0.3% | -32.8% |
| 2026 | -56.7% | -50.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRFH and ENVX good diversifiers for each other?
Reasonably. At 0.31, BRFH and ENVX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BRFH and ENVX?
The BRFH/ENVX correlation stands at 0.31 on a 3-year window (1 year: 0.38, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is ENVX a good diversifier for BRFH?
Reasonably. At 0.31, BRFH and ENVX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 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/brfh-vs-envx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brfh-vs-envx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRFH correlations · ENVX correlations
