BRN vs RCL: Correlation
Barnwell Industries, Inc. (BRN) and Royal Caribbean Group (RCL) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and RCL?
Across a 3-year window, the weekly returns of BRN and RCL correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. Stretching to 5 years gives -0.07, with an annualized covariance of -451.3 %².
Within BRN's tracked universe of 35 assets, RCL comes in at #25 by 3-year correlation. Twelve-month performance is nearly a tie, at -19.1% for BRN and -19.3% for RCL.
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 RCL: side by side
| BRN (Barnwell Industries, Inc.) | RCL (Royal Caribbean Group) | |
|---|---|---|
| 1-year return | -19.1% | -19.3% |
| 5-year return | -58.9% | +257.6% |
| Volatility (ann.) | 53.1% | 41.3% |
| Beta vs S&P 500 | -0.22 | 1.46 |
| Max drawdown (3Y) | -68.5% | -35.0% |
| Market cap | – | $76.2B |
| P/E (trailing) | – | 17.9 |
| Dividend yield | 0.00% | 1.72% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BRN | RCL |
|---|---|---|
| 2022 | +2.8% | -35.7% |
| 2023 | -16.5% | +162.0% |
| 2024 | -37.9% | +79.0% |
| 2025 | -26.5% | +22.5% |
| 2026 | -14.0% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and RCL good diversifiers for each other?
Yes. With a correlation of -0.21, BRN and RCL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRN and RCL?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.27 over the last year and -0.07 over 5 years.
Is RCL a good diversifier for BRN?
Yes. With a correlation of -0.21, BRN and RCL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 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-rcl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brn-vs-rcl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRN correlations · RCL correlations
