BRNX vs DFSC: Correlation
BrenX Ltd. (BRNX) and DEFSEC Technologies Inc. (DFSC) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRNX and DFSC?
On 3 years of weekly data the BRNX/DFSC correlation comes out at 0.48, moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.48). The 5-year figure is -0.00, and annualized covariance runs at 39420.1 %².
Within BRNX's tracked universe of 26 assets, DFSC comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DFSC ahead by 50.8 points (-94.9% versus -44.1%). One caveat on sizing: BRNX is 3.5 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.
BRNX vs DFSC: side by side
| BRNX (BrenX Ltd.) | DFSC (DEFSEC Technologies Inc.) | |
|---|---|---|
| 1-year return | -94.9% | -44.1% |
| 5-year return | -99.9% | -100.0% |
| Volatility (ann.) | 539.2% | 152.6% |
| Beta vs S&P 500 | 1.25 | 0.90 |
| Max drawdown (3Y) | -100.0% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRNX | DFSC |
|---|---|---|
| 2022 | – | -96.2% |
| 2023 | -57.4% | -65.1% |
| 2024 | -77.8% | -92.2% |
| 2025 | -92.4% | -88.4% |
| 2026 | -77.6% | +9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRNX and DFSC good diversifiers for each other?
Reasonably. At 0.48, BRNX and DFSC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BRNX and DFSC?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.70 over the last year and -0.00 over 5 years.
Is DFSC a good diversifier for BRNX?
Reasonably. At 0.48, BRNX and DFSC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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/brnx-vs-dfsc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brnx-vs-dfsc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRNX correlations · DFSC correlations
