BRNX vs TPR: Correlation
BrenX Ltd. (BRNX) and Tapestry, Inc. (TPR) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRNX and TPR?
Across a 3-year window, the weekly returns of BRNX and TPR correlate at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.29 over 3 years. Stretching to 5 years gives -0.24, with an annualized covariance of -5852.4 %².
Within BRNX's tracked universe of 26 assets, TPR comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TPR ahead by 118.5 points (-94.9% versus +23.6%). One caveat on sizing: BRNX is 14.3 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 TPR: side by side
| BRNX (BrenX Ltd.) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | -94.9% | +23.6% |
| 5-year return | -99.9% | +240.1% |
| Volatility (ann.) | 539.2% | 37.8% |
| Beta vs S&P 500 | 1.25 | 1.05 |
| Max drawdown (3Y) | -100.0% | -31.8% |
| Market cap | – | $24.6B |
| P/E (trailing) | – | 17.9 |
| Dividend yield | 0.00% | 1.23% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | BRNX | TPR |
|---|---|---|
| 2022 | – | -3.3% |
| 2023 | -57.4% | +0.2% |
| 2024 | -77.8% | +82.8% |
| 2025 | -92.4% | +98.7% |
| 2026 | -77.6% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRNX and TPR good diversifiers for each other?
Yes. With a correlation of -0.29, BRNX and TPR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRNX and TPR?
As of 2026-08-27, the correlation of weekly returns between BRNX and TPR is -0.29 over 3 years, -0.42 over 1 year and -0.24 over 5 years.
Is TPR a good diversifier for BRNX?
Yes. With a correlation of -0.29, BRNX and TPR have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 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-tpr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brnx-vs-tpr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRNX correlations · TPR correlations
