BRNX vs FGI: Correlation
How closely do BrenX Ltd. (BRNX) and FGI Industries Ltd. (FGI) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRNX and FGI?
Over the past 3 years, BRNX and FGI moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 35371.8 %².
Within BRNX's tracked universe of 26 assets, FGI comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FGI outperformed by 169.9 percentage points (-94.9% for BRNX against +75.0% for FGI). Risk is not evenly split, since BRNX carries 4.0 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 FGI: side by side
| BRNX (BrenX Ltd.) | FGI (FGI Industries Ltd.) | |
|---|---|---|
| 1-year return | -94.9% | +75.0% |
| 5-year return | -99.9% | -61.6% |
| Volatility (ann.) | 539.2% | 133.7% |
| Beta vs S&P 500 | 1.25 | 1.29 |
| Max drawdown (3Y) | -100.0% | -72.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRNX | FGI |
|---|---|---|
| 2023 | -57.4% | -23.7% |
| 2024 | -77.8% | -52.7% |
| 2025 | -92.4% | +47.1% |
| 2026 | -77.6% | +31.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRNX and FGI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BRNX and FGI?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.56 over the last year and 0.47 over 5 years.
Is FGI a good diversifier for BRNX?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BRNX correlations · FGI correlations
