BRN vs CFG: Correlation
How closely do Barnwell Industries, Inc. (BRN) and Citizens Financial Group (CFG) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and CFG?
Across a 3-year window, the weekly returns of BRN and CFG correlate at -0.15, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.30) than the 3-year average (-0.15). Stretching to 5 years gives -0.01, with an annualized covariance of -245.9 %².
By 3-year correlation, CFG places #10 of the 35 assets tracked against BRN. Their recent paths diverged sharply: over the last 12 months CFG outperformed by 58.4 percentage points (-19.1% for BRN against +39.3% for CFG). Note the risk asymmetry: BRN runs 1.7 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.
BRN vs CFG: side by side
| BRN (Barnwell Industries, Inc.) | CFG (Citizens Financial Group) | |
|---|---|---|
| 1-year return | -19.1% | +39.3% |
| 5-year return | -58.9% | +98.3% |
| Volatility (ann.) | 53.1% | 31.0% |
| Beta vs S&P 500 | -0.22 | 1.16 |
| Max drawdown (3Y) | -68.5% | -29.1% |
| Market cap | – | $29.6B |
| P/E (trailing) | – | 15.4 |
| Dividend yield | 0.00% | 2.55% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BRN | CFG |
|---|---|---|
| 2022 | +2.8% | -13.4% |
| 2023 | -16.5% | -11.0% |
| 2024 | -37.9% | +38.0% |
| 2025 | -26.5% | +38.6% |
| 2026 | -14.0% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and CFG good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between BRN and CFG?
As of 2026-08-27, the correlation of weekly returns between BRN and CFG is -0.15 over 3 years, -0.30 over 1 year and -0.01 over 5 years.
Is CFG a good diversifier for BRN?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 mean?
A reading of -0.15 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brn-vs-cfg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brn-vs-cfg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRN correlations · CFG correlations
