ATR vs BF.B: Correlation
How closely do AptarGroup, Inc. (ATR) and Brown–Forman (BF.B) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATR and BF.B?
On 3 years of weekly data the ATR/BF.B correlation comes out at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 327.7 %².
Within ATR's tracked universe of 19 assets, BF.B comes in at #12 by 3-year correlation. Twelve-month performance is nearly a tie, at -3.3% for ATR and -7.4% for BF.B. Risk is not evenly split, since BF.B carries 1.6 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.
ATR vs BF.B: side by side
| ATR (AptarGroup, Inc.) | BF.B (Brown–Forman) | |
|---|---|---|
| 1-year return | -3.3% | -7.4% |
| 5-year return | +4.9% | -56.8% |
| Volatility (ann.) | 21.0% | 34.0% |
| Beta vs S&P 500 | 0.53 | 0.51 |
| Max drawdown (3Y) | -35.2% | -64.8% |
| Market cap | $8.4B | $12.5B |
| P/E (trailing) | 24.4 | 18.3 |
| Dividend yield | 1.40% | 3.26% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | ATR | BF.B |
|---|---|---|
| 2022 | -8.9% | -8.9% |
| 2023 | +13.9% | -11.9% |
| 2024 | +28.6% | -32.2% |
| 2025 | -21.4% | -29.3% |
| 2026 | +10.2% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATR and BF.B good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ATR and BF.B?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.48 over the last year and 0.48 over 5 years.
Is BF.B a good diversifier for ATR?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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/atr-vs-bf-b.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atr-vs-bf-b/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATR correlations · BF.B correlations
