BRN vs RF: Correlation
How closely do Barnwell Industries, Inc. (BRN) and Regions Financial Corporation (RF) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and RF?
On 3 years of weekly data the BRN/RF correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.27) runs below the 3-year figure (-0.16). The 5-year figure is -0.00, and annualized covariance runs at -246.0 %².
Within BRN's tracked universe of 35 assets, RF comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RF outperformed by 34.5 percentage points (-19.1% for BRN against +15.4% for RF). One caveat on sizing: BRN is 1.8 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 RF: side by side
| BRN (Barnwell Industries, Inc.) | RF (Regions Financial Corporation) | |
|---|---|---|
| 1-year return | -19.1% | +15.4% |
| 5-year return | -58.9% | +83.5% |
| Volatility (ann.) | 53.1% | 29.2% |
| Beta vs S&P 500 | -0.22 | 1.09 |
| Max drawdown (3Y) | -68.5% | -31.9% |
| Market cap | – | $25.9B |
| P/E (trailing) | – | 12.4 |
| Dividend yield | 0.00% | 3.45% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BRN | RF |
|---|---|---|
| 2022 | +2.8% | +2.3% |
| 2023 | -16.5% | -5.7% |
| 2024 | -37.9% | +27.0% |
| 2025 | -26.5% | +20.2% |
| 2026 | -14.0% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and RF good diversifiers for each other?
Yes. With a correlation of -0.16, BRN and RF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRN and RF?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.27 over the last year and -0.00 over 5 years.
Is RF a good diversifier for BRN?
Yes. With a correlation of -0.16, BRN and RF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 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-rf.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: BRN correlations · RF correlations
