BRNX vs INV: Correlation
How closely do BrenX Ltd. (BRNX) and Innventure, Inc. (INV) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRNX and INV?
On 3 years of weekly data the BRNX/INV correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.35) sits close to the 3-year figure. The 5-year figure is -0.30, and annualized covariance runs at -14750.5 %².
Out of 26 assets tracked against BRNX, INV lands near the bottom at #22. Correlation aside, the last 12 months split them widely, with INV ahead by 25.5 points (-94.9% versus -69.4%). One caveat on sizing: BRNX is 5.9 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.
BRNX vs INV: side by side
| BRNX (BrenX Ltd.) | INV (Innventure, Inc.) | |
|---|---|---|
| 1-year return | -94.9% | -69.4% |
| 5-year return | -99.9% | -85.4% |
| Volatility (ann.) | 539.2% | 90.9% |
| Beta vs S&P 500 | 1.25 | 1.31 |
| Max drawdown (3Y) | -100.0% | -90.4% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRNX | INV |
|---|---|---|
| 2022 | – | +1.1% |
| 2023 | -57.4% | +7.3% |
| 2024 | -77.8% | +27.8% |
| 2025 | -92.4% | -69.8% |
| 2026 | -77.6% | -65.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRNX and INV good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between BRNX and INV?
As of 2026-08-27, the correlation of weekly returns between BRNX and INV is -0.30 over 3 years, -0.35 over 1 year and -0.30 over 5 years.
Is INV a good diversifier for BRNX?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
What does a correlation of -0.30 mean?
A reading of -0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brnx-vs-inv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brnx-vs-inv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRNX correlations · INV correlations
