BRN vs HON: Correlation
Measured on weekly returns over the past three years, Barnwell Industries, Inc. (BRN) and Honeywell Technologies (HON) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and HON?
Over the past 3 years, BRN and HON moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.18 over 1 year against -0.18 over 3. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -218.8 %².
By 3-year correlation, HON places #17 of the 35 assets tracked against BRN. Correlation aside, the last 12 months split them widely, with HON ahead by 21.8 points (-19.1% versus +2.7%). One caveat on sizing: BRN is 2.3 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 HON: side by side
| BRN (Barnwell Industries, Inc.) | HON (Honeywell Technologies) | |
|---|---|---|
| 1-year return | -19.1% | +2.7% |
| 5-year return | -58.9% | +6.6% |
| Volatility (ann.) | 53.1% | 23.2% |
| Beta vs S&P 500 | -0.22 | 0.74 |
| Max drawdown (3Y) | -68.5% | -22.1% |
| Market cap | – | $69.9B |
| P/E (trailing) | – | 8.5 |
| Dividend yield | 0.00% | 4.26% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BRN | HON |
|---|---|---|
| 2022 | +2.8% | +4.9% |
| 2023 | -16.5% | +0.0% |
| 2024 | -37.9% | +10.0% |
| 2025 | -26.5% | -6.4% |
| 2026 | -14.0% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and HON good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between BRN and HON?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.18 over the last year and -0.04 over 5 years.
Is HON a good diversifier for BRN?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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-hon.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/brn-vs-hon/)
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Related comparisons
Hubs: BRN correlations · HON correlations
