BRN vs CVNA: Correlation
Measured on weekly returns over the past three years, Barnwell Industries, Inc. (BRN) and Carvana (CVNA) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and CVNA?
Over the past 3 years, BRN and CVNA moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.15) sits close to the 3-year figure. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -612.7 %².
Among the 35 assets we track against BRN, CVNA ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CVNA outperformed by 19.9 percentage points (-19.1% for BRN against +0.8% for CVNA).
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 CVNA: side by side
| BRN (Barnwell Industries, Inc.) | CVNA (Carvana) | |
|---|---|---|
| 1-year return | -19.1% | +0.8% |
| 5-year return | -58.9% | +9.7% |
| Volatility (ann.) | 53.1% | 73.7% |
| Beta vs S&P 500 | -0.22 | 2.66 |
| Max drawdown (3Y) | -68.5% | -53.5% |
| Market cap | – | $82.1B |
| P/E (trailing) | – | 39.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BRN | CVNA |
|---|---|---|
| 2022 | +2.8% | -98.0% |
| 2023 | -16.5% | +1016.9% |
| 2024 | -37.9% | +284.1% |
| 2025 | -26.5% | +107.5% |
| 2026 | -14.0% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and CVNA good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRN and CVNA?
The BRN/CVNA correlation stands at -0.16 on a 3-year window (1 year: -0.15, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is CVNA a good diversifier for BRN?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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-cvna.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brn-vs-cvna/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRN correlations · CVNA correlations
