BRN vs CCL: Correlation
Barnwell Industries, Inc. (BRN) and Carnival Corporation (CCL) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and CCL?
Across a 3-year window, the weekly returns of BRN and CCL correlate at -0.24, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.33) sits close to the 3-year figure. Stretching to 5 years gives -0.08, with an annualized covariance of -596.1 %².
Among the 35 assets we track against BRN, CCL sits near the bottom by co-movement, at rank #31. Their 12-month results are close: -19.1% for BRN against -21.6% for CCL.
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 CCL: side by side
| BRN (Barnwell Industries, Inc.) | CCL (Carnival Corporation) | |
|---|---|---|
| 1-year return | -19.1% | -21.6% |
| 5-year return | -58.9% | +7.3% |
| Volatility (ann.) | 53.1% | 46.5% |
| Beta vs S&P 500 | -0.22 | 1.72 |
| Max drawdown (3Y) | -68.5% | -42.3% |
| Market cap | – | $34.2B |
| P/E (trailing) | – | 11.5 |
| Dividend yield | 0.00% | 1.17% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BRN | CCL |
|---|---|---|
| 2022 | +2.8% | -59.9% |
| 2023 | -16.5% | +130.0% |
| 2024 | -37.9% | +34.4% |
| 2025 | -26.5% | +22.6% |
| 2026 | -14.0% | -17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and CCL good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRN and CCL?
The BRN/CCL correlation stands at -0.24 on a 3-year window (1 year: -0.33, 5 years: -0.08), computed from weekly returns as of 2026-08-27.
Is CCL a good diversifier for BRN?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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-ccl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brn-vs-ccl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRN correlations · CCL correlations
