AVY vs BC: Correlation
How closely do Avery Dennison (AVY) and Brunswick Corporation (BC) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVY and BC?
Across a 3-year window, the weekly returns of AVY and BC correlate at 0.62, strong. Recent behaviour matches the longer record: 0.60 over 1 year against 0.62 over 3. Stretching to 5 years gives 0.52, with an annualized covariance of 447.4 %².
Within AVY's tracked universe of 38 assets, BC comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BC outperformed by 16.4 percentage points (+5.3% for AVY against +21.7% for BC). One caveat on sizing: BC is 1.8 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.
AVY vs BC: side by side
| AVY (Avery Dennison) | BC (Brunswick Corporation) | |
|---|---|---|
| 1-year return | +5.3% | +21.7% |
| 5-year return | -14.0% | -15.3% |
| Volatility (ann.) | 20.2% | 35.8% |
| Beta vs S&P 500 | 0.61 | 1.22 |
| Max drawdown (3Y) | -30.6% | -56.5% |
| Market cap | $13.5B | $5.0B |
| P/E (trailing) | 20.0 | – |
| Dividend yield | 2.10% | 2.18% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | AVY | BC |
|---|---|---|
| 2022 | -15.1% | -27.1% |
| 2023 | +13.7% | +36.9% |
| 2024 | -5.9% | -31.8% |
| 2025 | -0.7% | +18.1% |
| 2026 | -0.8% | +6.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVY and BC good diversifiers for each other?
Only partially. A correlation of 0.62 means AVY and BC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AVY and BC?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.60 over the last year and 0.52 over 5 years.
Is BC a good diversifier for AVY?
Only partially. A correlation of 0.62 means AVY and BC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 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/avy-vs-bc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avy-vs-bc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AVY correlations · BC correlations
