BYRN vs V: Correlation
How closely do Byrna Technologies, Inc. (BYRN) and Visa Inc. (V) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYRN and V?
Over the past 3 years, BYRN and V moved with a correlation of 0.35, which is moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 584.7 %².
Among the 10 assets we track against BYRN, V ranks #5 by 3-year correlation. The last year tells two different stories: V led by 91.4 percentage points, -82.2% for BYRN against +9.2% for V. Risk is not evenly split, since BYRN carries 4.6 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.
BYRN vs V: side by side
| BYRN (Byrna Technologies, Inc.) | V (Visa Inc.) | |
|---|---|---|
| 1-year return | -82.2% | +9.2% |
| 5-year return | -87.6% | +70.5% |
| Volatility (ann.) | 87.2% | 19.1% |
| Beta vs S&P 500 | 1.40 | 0.72 |
| Max drawdown (3Y) | -90.7% | -20.4% |
| Market cap | $0.1B | $708.8B |
| P/E (trailing) | – | 32.7 |
| Dividend yield | 0.00% | 0.70% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BYRN | V |
|---|---|---|
| 2022 | -41.3% | -3.4% |
| 2023 | -18.5% | +26.3% |
| 2024 | +350.9% | +22.3% |
| 2025 | -41.7% | +11.8% |
| 2026 | -78.6% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYRN and V good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BYRN and V?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.36 over the last year and 0.27 over 5 years.
Is V a good diversifier for BYRN?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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/byrn-vs-v.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/byrn-vs-v/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BYRN correlations · V correlations
