BRN vs MXC: Correlation
Barnwell Industries, Inc. (BRN) and Mexco Energy Corporation (MXC) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and MXC?
Across a 3-year window, the weekly returns of BRN and MXC correlate at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.28 versus 0.47 over 3 years. Stretching to 5 years gives 0.47, with an annualized covariance of 1553.4 %².
MXC is one of the assets that tracks BRN most closely: it ranks #3 out of the 35 assets we track against BRN. Correlation aside, the last 12 months split them widely, with MXC ahead by 40.7 points (-19.1% versus +21.6%).
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 MXC: side by side
| BRN (Barnwell Industries, Inc.) | MXC (Mexco Energy Corporation) | |
|---|---|---|
| 1-year return | -19.1% | +21.6% |
| 5-year return | -58.9% | +7.2% |
| Volatility (ann.) | 53.1% | 62.1% |
| Beta vs S&P 500 | -0.22 | -0.31 |
| Max drawdown (3Y) | -68.5% | -60.6% |
| Market cap | – | – |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 0.00% | 1.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRN | MXC |
|---|---|---|
| 2022 | +2.8% | +33.0% |
| 2023 | -16.5% | -26.2% |
| 2024 | -37.9% | +24.6% |
| 2025 | -26.5% | -10.8% |
| 2026 | -14.0% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and MXC good diversifiers for each other?
Reasonably. At 0.47, BRN and MXC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BRN and MXC?
As of 2026-08-27, the correlation of weekly returns between BRN and MXC is 0.47 over 3 years, 0.28 over 1 year and 0.47 over 5 years.
Is MXC a good diversifier for BRN?
Reasonably. At 0.47, BRN and MXC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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-mxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brn-vs-mxc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRN correlations · MXC correlations
