BRN vs SNA: Correlation
How closely do Barnwell Industries, Inc. (BRN) and Snap-on (SNA) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and SNA?
Over the past 3 years, BRN and SNA moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.35) runs below the 3-year figure (-0.20). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -226.8 %².
By 3-year correlation, SNA places #22 of the 35 assets tracked against BRN. Their recent paths diverged sharply: over the last 12 months SNA outperformed by 42.2 percentage points (-19.1% for BRN against +23.1% for SNA). Risk is not evenly split, since BRN carries 2.5 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 SNA: side by side
| BRN (Barnwell Industries, Inc.) | SNA (Snap-on) | |
|---|---|---|
| 1-year return | -19.1% | +23.1% |
| 5-year return | -58.9% | +99.6% |
| Volatility (ann.) | 53.1% | 21.3% |
| Beta vs S&P 500 | -0.22 | 0.70 |
| Max drawdown (3Y) | -68.5% | -20.8% |
| Market cap | – | $20.5B |
| P/E (trailing) | – | 20.2 |
| Dividend yield | 0.00% | 2.38% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BRN | SNA |
|---|---|---|
| 2022 | +2.8% | +8.9% |
| 2023 | -16.5% | +29.7% |
| 2024 | -37.9% | +20.7% |
| 2025 | -26.5% | +4.3% |
| 2026 | -14.0% | +17.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and SNA good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRN and SNA?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.35 over the last year and -0.11 over 5 years.
Is SNA a good diversifier for BRN?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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-sna.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brn-vs-sna/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRN correlations · SNA correlations
