BALL vs CCK: Correlation
Measured on weekly returns over the past three years, Ball Corporation (BALL) and Crown Holdings, Inc. (CCK) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and CCK?
Across a 3-year window, the weekly returns of BALL and CCK correlate at 0.62, strong. The link has tightened recently: the 1-year correlation (0.77) runs above the 3-year figure (0.62). Stretching to 5 years gives 0.65, with an annualized covariance of 416.7 %².
Few assets follow BALL as closely as CCK, which ranks #1 of 41 tracked partners. Their 12-month results are close: +22.9% for BALL against +19.0% for CCK.
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.
BALL vs CCK: side by side
| BALL (Ball Corporation) | CCK (Crown Holdings, Inc.) | |
|---|---|---|
| 1-year return | +22.9% | +19.0% |
| 5-year return | -29.3% | +12.7% |
| Volatility (ann.) | 26.9% | 24.9% |
| Beta vs S&P 500 | 0.43 | 0.48 |
| Max drawdown (3Y) | -35.6% | -23.1% |
| Market cap | $16.8B | $12.8B |
| P/E (trailing) | 18.4 | 17.1 |
| Dividend yield | 1.25% | 1.02% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | BALL | CCK |
|---|---|---|
| 2022 | -46.2% | -25.0% |
| 2023 | +14.1% | +13.3% |
| 2024 | -3.0% | -9.1% |
| 2025 | -2.4% | +25.9% |
| 2026 | +20.4% | +15.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL and CCK good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BALL and CCK?
As of 2026-08-27, the correlation of weekly returns between BALL and CCK is 0.62 over 3 years, 0.77 over 1 year and 0.65 over 5 years.
Is CCK a good diversifier for BALL?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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/ball-vs-cck.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ball-vs-cck/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BALL correlations · CCK correlations
