BRN vs USB: Correlation
Measured on weekly returns over the past three years, Barnwell Industries, Inc. (BRN) and U.S. Bancorp (USB) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and USB?
Over the past 3 years, BRN and USB moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.38) than the 3-year average (-0.19). Over 5 years the correlation is -0.00, and the annualized covariance of weekly returns is -278.5 %².
Within BRN's tracked universe of 35 assets, USB comes in at #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months USB outperformed by 52.2 percentage points (-19.1% for BRN against +33.1% for USB). 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 USB: side by side
| BRN (Barnwell Industries, Inc.) | USB (U.S. Bancorp) | |
|---|---|---|
| 1-year return | -19.1% | +33.1% |
| 5-year return | -58.9% | +36.0% |
| Volatility (ann.) | 53.1% | 27.3% |
| Beta vs S&P 500 | -0.22 | 1.09 |
| Max drawdown (3Y) | -68.5% | -30.6% |
| Market cap | – | $97.2B |
| P/E (trailing) | – | 12.5 |
| Dividend yield | 0.00% | 3.31% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BRN | USB |
|---|---|---|
| 2022 | +2.8% | -19.1% |
| 2023 | -16.5% | +4.8% |
| 2024 | -37.9% | +15.6% |
| 2025 | -26.5% | +16.5% |
| 2026 | -14.0% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and USB good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRN and USB?
The BRN/USB correlation stands at -0.19 on a 3-year window (1 year: -0.38, 5 years: -0.00), computed from weekly returns as of 2026-08-27.
Is USB a good diversifier for BRN?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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-usb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/brn-vs-usb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRN correlations · USB correlations
