BRN vs LYV: Correlation
How closely do Barnwell Industries, Inc. (BRN) and Live Nation Entertainment (LYV) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and LYV?
On 3 years of weekly data the BRN/LYV correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. The 5-year figure is -0.04, and annualized covariance runs at -353.3 %².
Among the 35 assets we track against BRN, LYV sits near the bottom by co-movement, at rank #33. Their recent paths diverged sharply: over the last 12 months LYV outperformed by 28.2 percentage points (-19.1% for BRN against +9.1% for LYV). One caveat on sizing: BRN is 1.9 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 LYV: side by side
| BRN (Barnwell Industries, Inc.) | LYV (Live Nation Entertainment) | |
|---|---|---|
| 1-year return | -19.1% | +9.1% |
| 5-year return | -58.9% | +108.7% |
| Volatility (ann.) | 53.1% | 28.1% |
| Beta vs S&P 500 | -0.22 | 1.02 |
| Max drawdown (3Y) | -68.5% | -27.8% |
| Market cap | – | $42.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | BRN | LYV |
|---|---|---|
| 2022 | +2.8% | -41.7% |
| 2023 | -16.5% | +34.2% |
| 2024 | -37.9% | +38.4% |
| 2025 | -26.5% | +10.0% |
| 2026 | -14.0% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and LYV good diversifiers for each other?
Yes. With a correlation of -0.24, BRN and LYV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRN and LYV?
The BRN/LYV correlation stands at -0.24 on a 3-year window (1 year: -0.17, 5 years: -0.04), computed from weekly returns as of 2026-08-27.
Is LYV a good diversifier for BRN?
Yes. With a correlation of -0.24, BRN and LYV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BRN correlations · LYV correlations
