BRN vs GRMN: Correlation
Measured on weekly returns over the past three years, Barnwell Industries, Inc. (BRN) and Garmin (GRMN) 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 GRMN?
Over the past 3 years, BRN and GRMN moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.15 over 1 year against -0.16 over 3. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -293.6 %².
By 3-year correlation, GRMN places #13 of the 35 assets tracked against BRN. The last year tells two different stories: GRMN led by 44.2 percentage points, -19.1% for BRN against +25.1% for GRMN. One caveat on sizing: BRN is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 GRMN: side by side
| BRN (Barnwell Industries, Inc.) | GRMN (Garmin) | |
|---|---|---|
| 1-year return | -19.1% | +25.1% |
| 5-year return | -58.9% | +80.9% |
| Volatility (ann.) | 53.1% | 34.7% |
| Beta vs S&P 500 | -0.22 | 1.06 |
| Max drawdown (3Y) | -68.5% | -28.0% |
| Market cap | – | $55.9B |
| P/E (trailing) | – | 29.9 |
| Dividend yield | 0.00% | 1.45% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BRN | GRMN |
|---|---|---|
| 2022 | +2.8% | -30.2% |
| 2023 | -16.5% | +43.1% |
| 2024 | -37.9% | +63.3% |
| 2025 | -26.5% | -0.1% |
| 2026 | -14.0% | +44.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and GRMN good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between BRN and GRMN?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.15 over the last year and -0.16 over 5 years.
Is GRMN a good diversifier for BRN?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 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-grmn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brn-vs-grmn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRN correlations · GRMN correlations
