BRN vs EIX: Correlation
Barnwell Industries, Inc. (BRN) and Edison International (EIX) 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 EIX?
Over the past 3 years, BRN and EIX moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -331.7 %².
EIX is close to the least connected end of BRN's tracked universe, ranking #32 of 35. The last year tells two different stories: EIX led by 59.5 percentage points, -19.1% for BRN against +40.4% for EIX. Risk is not evenly split, since BRN carries 2.0 times the volatility of the other side.
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 EIX: side by side
| BRN (Barnwell Industries, Inc.) | EIX (Edison International) | |
|---|---|---|
| 1-year return | -19.1% | +40.4% |
| 5-year return | -58.9% | +62.2% |
| Volatility (ann.) | 53.1% | 26.0% |
| Beta vs S&P 500 | -0.22 | 0.24 |
| Max drawdown (3Y) | -68.5% | -43.9% |
| Market cap | – | $28.4B |
| P/E (trailing) | – | 7.7 |
| Dividend yield | 0.00% | 4.64% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | BRN | EIX |
|---|---|---|
| 2022 | +2.8% | -2.6% |
| 2023 | -16.5% | +17.4% |
| 2024 | -37.9% | +15.2% |
| 2025 | -26.5% | -20.4% |
| 2026 | -14.0% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and EIX 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 EIX?
The BRN/EIX correlation stands at -0.24 on a 3-year window (1 year: -0.23, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is EIX 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?
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/brn-vs-eix.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/brn-vs-eix/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRN correlations · EIX correlations
