BALL vs IFF: Correlation
How closely do Ball Corporation (BALL) and International Flavors & Fragrances (IFF) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and IFF?
Across a 3-year window, the weekly returns of BALL and IFF correlate at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 346.3 %².
Among the 41 assets we track against BALL, IFF ranks #23 by 3-year correlation. On 12-month performance IFF holds a 10.3-point edge, +22.9% against +33.2%. On a rolling one-year basis the correlation drifted between 0.16 and 0.57, a moderate band.
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 IFF: side by side
| BALL (Ball Corporation) | IFF (International Flavors & Fragrances) | |
|---|---|---|
| 1-year return | +22.9% | +33.2% |
| 5-year return | -29.3% | -34.3% |
| Volatility (ann.) | 26.9% | 29.5% |
| Beta vs S&P 500 | 0.43 | 0.69 |
| Max drawdown (3Y) | -35.6% | -42.6% |
| Market cap | $16.8B | $22.2B |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 1.25% | 1.84% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | BALL | IFF |
|---|---|---|
| 2022 | -46.2% | -28.3% |
| 2023 | +14.1% | -19.5% |
| 2024 | -3.0% | +6.3% |
| 2025 | -2.4% | -18.4% |
| 2026 | +20.4% | +30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL and IFF good diversifiers for each other?
Reasonably. At 0.44, BALL and IFF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BALL and IFF?
The BALL/IFF correlation stands at 0.44 on a 3-year window (1 year: 0.43, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is IFF a good diversifier for BALL?
Reasonably. At 0.44, BALL and IFF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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-iff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ball-vs-iff/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BALL correlations · IFF correlations
