BRNX vs ELPW: Correlation
BrenX Ltd. (BRNX) and Elong Power Holding Limited - Class A (ELPW) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRNX and ELPW?
Across a 3-year window, the weekly returns of BRNX and ELPW correlate at 0.83, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.86 over 1 year against 0.83 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 1488483.1 %².
Among the 26 assets we track against BRNX, ELPW ranks #5 by 3-year correlation. Their 12-month results are close: -94.9% for BRNX against -99.0% for ELPW. Risk is not evenly split, since ELPW carries 6.2 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.
BRNX vs ELPW: side by side
| BRNX (BrenX Ltd.) | ELPW (Elong Power Holding Limited - Class A) | |
|---|---|---|
| 1-year return | -94.9% | -99.0% |
| 5-year return | -99.9% | n/a |
| Volatility (ann.) | 539.2% | 3332.8% |
| Beta vs S&P 500 | 1.25 | 3.98 |
| Max drawdown (3Y) | -100.0% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRNX | ELPW |
|---|---|---|
| 2023 | -57.4% | – |
| 2024 | -77.8% | -87.5% |
| 2025 | -92.4% | -91.4% |
| 2026 | -77.6% | -97.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRNX and ELPW good diversifiers for each other?
No: a correlation of 0.83 means BRNX and ELPW tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BRNX and ELPW?
The BRNX/ELPW correlation stands at 0.83 on a 3-year window (1 year: 0.86, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is ELPW a good diversifier for BRNX?
No: a correlation of 0.83 means BRNX and ELPW tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 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-elpw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brnx-vs-elpw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRNX correlations · ELPW correlations
