BRNX vs JWEL: Correlation
How closely do BrenX Ltd. (BRNX) and Jowell Global Ltd. (JWEL) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRNX and JWEL?
On 3 years of weekly data the BRNX/JWEL correlation comes out at 0.44, moderate. The past 12 months show a tighter link (0.80) than the 3-year average (0.44). The 5-year figure is 0.37, and annualized covariance runs at 28776.4 %².
Among the 26 assets we track against BRNX, JWEL ranks #14 by 3-year correlation. The last year tells two different stories: JWEL led by 116.5 percentage points, -94.9% for BRNX against +21.6% for JWEL. Risk is not evenly split, since BRNX carries 4.4 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 JWEL: side by side
| BRNX (BrenX Ltd.) | JWEL (Jowell Global Ltd.) | |
|---|---|---|
| 1-year return | -94.9% | +21.6% |
| 5-year return | -99.9% | -97.2% |
| Volatility (ann.) | 539.2% | 122.5% |
| Beta vs S&P 500 | 1.25 | 1.34 |
| Max drawdown (3Y) | -100.0% | -81.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRNX | JWEL |
|---|---|---|
| 2022 | – | -98.1% |
| 2023 | -57.4% | -67.8% |
| 2024 | -77.8% | +44.9% |
| 2025 | -92.4% | -25.8% |
| 2026 | -77.6% | +2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRNX and JWEL good diversifiers for each other?
Reasonably. At 0.44, BRNX and JWEL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BRNX and JWEL?
As of 2026-08-27, the correlation of weekly returns between BRNX and JWEL is 0.44 over 3 years, 0.80 over 1 year and 0.37 over 5 years.
Is JWEL a good diversifier for BRNX?
Reasonably. At 0.44, BRNX and JWEL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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-jwel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brnx-vs-jwel/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRNX correlations · JWEL correlations
