BRN vs ZBRA: Correlation
How closely do Barnwell Industries, Inc. (BRN) and Zebra Technologies (ZBRA) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRN and ZBRA?
Across a 3-year window, the weekly returns of BRN and ZBRA correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.33) runs below the 3-year figure (-0.22). Stretching to 5 years gives -0.15, with an annualized covariance of -479.1 %².
Among the 35 assets we track against BRN, ZBRA ranks #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ZBRA outperformed by 31.4 percentage points (-19.1% for BRN against +12.3% for ZBRA).
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 ZBRA: side by side
| BRN (Barnwell Industries, Inc.) | ZBRA (Zebra Technologies) | |
|---|---|---|
| 1-year return | -19.1% | +12.3% |
| 5-year return | -58.9% | -38.2% |
| Volatility (ann.) | 53.1% | 40.8% |
| Beta vs S&P 500 | -0.22 | 1.54 |
| Max drawdown (3Y) | -68.5% | -52.7% |
| Market cap | – | $17.1B |
| P/E (trailing) | – | 33.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | BRN | ZBRA |
|---|---|---|
| 2022 | +2.8% | -56.9% |
| 2023 | -16.5% | +6.6% |
| 2024 | -37.9% | +41.3% |
| 2025 | -26.5% | -37.1% |
| 2026 | -14.0% | +48.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRN and ZBRA good diversifiers for each other?
Yes. With a correlation of -0.22, BRN and ZBRA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRN and ZBRA?
As of 2026-08-27, the correlation of weekly returns between BRN and ZBRA is -0.22 over 3 years, -0.33 over 1 year and -0.15 over 5 years.
Is ZBRA a good diversifier for BRN?
Yes. With a correlation of -0.22, BRN and ZBRA have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brn-vs-zbra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brn-vs-zbra/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRN correlations · ZBRA correlations
