BRN vs BSIN: Correlation
Measured on weekly returns over the past three years, Barnwell Industries, Inc. (BRN) and Big Sky Industrial Inc. (BSIN) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and BSIN?
Over the past 3 years, BRN and BSIN moved with a correlation of 0.47, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.47 over 3 years. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 1899.6 %².
BSIN is one of the assets that tracks BRN most closely: it ranks #2 out of the 35 assets we track against BRN. Correlation aside, the last 12 months split them widely, with BSIN ahead by 47.1 points (-19.1% versus +28.0%).
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.
BRN vs BSIN: side by side
| BRN (Barnwell Industries, Inc.) | BSIN (Big Sky Industrial Inc.) | |
|---|---|---|
| 1-year return | -19.1% | +28.0% |
| 5-year return | -58.9% | -60.2% |
| Volatility (ann.) | 53.1% | 75.7% |
| Beta vs S&P 500 | -0.22 | 0.30 |
| Max drawdown (3Y) | -68.5% | -81.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRN | BSIN |
|---|---|---|
| 2022 | +2.8% | -28.2% |
| 2023 | -16.5% | -55.3% |
| 2024 | -37.9% | +63.0% |
| 2025 | -26.5% | -43.6% |
| 2026 | -14.0% | +64.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and BSIN good diversifiers for each other?
Reasonably. At 0.47, BRN and BSIN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BRN and BSIN?
The BRN/BSIN correlation stands at 0.47 on a 3-year window (1 year: 0.24, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is BSIN a good diversifier for BRN?
Reasonably. At 0.47, BRN and BSIN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brn-vs-bsin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brn-vs-bsin/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRN correlations · BSIN correlations
