BRN vs JETS: Correlation
Measured on weekly returns over the past three years, Barnwell Industries, Inc. (BRN) and US Global Jets ETF (JETS) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and JETS?
Across a 3-year window, the weekly returns of BRN and JETS correlate at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Stretching to 5 years gives -0.10, with an annualized covariance of -357.3 %².
By 3-year correlation, JETS places #30 of the 35 assets tracked against BRN. The last year tells two different stories: JETS led by 32.3 percentage points, -19.1% for BRN against +13.2% for JETS. Risk is not evenly split, since BRN carries 1.8 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 JETS: side by side
| BRN (Barnwell Industries, Inc.) | JETS (US Global Jets ETF) | |
|---|---|---|
| 1-year return | -19.1% | +13.2% |
| 5-year return | -58.9% | +30.9% |
| Volatility (ann.) | 53.1% | 29.2% |
| Beta vs S&P 500 | -0.22 | 1.16 |
| Max drawdown (3Y) | -68.5% | -35.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | BRN | JETS |
|---|---|---|
| 2022 | +2.8% | -19.0% |
| 2023 | -16.5% | +11.4% |
| 2024 | -37.9% | +33.2% |
| 2025 | -26.5% | +11.6% |
| 2026 | -14.0% | +4.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and JETS good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRN and JETS?
As of 2026-08-27, the correlation of weekly returns between BRN and JETS is -0.23 over 3 years, -0.29 over 1 year and -0.10 over 5 years.
Is JETS a good diversifier for BRN?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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-jets.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brn-vs-jets/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRN correlations · JETS correlations
