BRNX vs MDXH: Correlation
BrenX Ltd. (BRNX) and MDxHealth SA (MDXH) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRNX and MDXH?
On 3 years of weekly data the BRNX/MDXH correlation comes out at 0.49, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.49 over 3 years. The 5-year figure is 0.43, and annualized covariance runs at 22648.6 %².
Among the 26 assets we track against BRNX, MDXH ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MDXH outperformed by 15.0 percentage points (-94.9% for BRNX against -79.9% for MDXH). Risk is not evenly split, since BRNX 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 MDXH: side by side
| BRNX (BrenX Ltd.) | MDXH (MDxHealth SA) | |
|---|---|---|
| 1-year return | -94.9% | -79.9% |
| 5-year return | -99.9% | -94.0% |
| Volatility (ann.) | 539.2% | 86.5% |
| Beta vs S&P 500 | 1.25 | 1.97 |
| Max drawdown (3Y) | -100.0% | -92.0% |
| 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 | MDXH |
|---|---|---|
| 2022 | – | -30.6% |
| 2023 | -57.4% | -40.4% |
| 2024 | -77.8% | -39.8% |
| 2025 | -92.4% | +50.6% |
| 2026 | -77.6% | -79.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRNX and MDXH good diversifiers for each other?
Reasonably. At 0.49, BRNX and MDXH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BRNX and MDXH?
The BRNX/MDXH correlation stands at 0.49 on a 3-year window (1 year: 0.65, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is MDXH a good diversifier for BRNX?
Reasonably. At 0.49, BRNX and MDXH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 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-mdxh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brnx-vs-mdxh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRNX correlations · MDXH correlations
