BALL vs MKC: Correlation
How closely do Ball Corporation (BALL) and McCormick & Company (MKC) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and MKC?
Across a 3-year window, the weekly returns of BALL and MKC correlate at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 375.6 %².
Among the 41 assets we track against BALL, MKC ranks #14 by 3-year correlation. The last year tells two different stories: BALL led by 43.2 percentage points, +22.9% for BALL against -20.3% for MKC. On a rolling one-year basis the correlation drifted between 0.31 and 0.63, 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 MKC: side by side
| BALL (Ball Corporation) | MKC (McCormick & Company) | |
|---|---|---|
| 1-year return | +22.9% | -20.3% |
| 5-year return | -29.3% | -28.5% |
| Volatility (ann.) | 26.9% | 26.5% |
| Beta vs S&P 500 | 0.43 | 0.24 |
| Max drawdown (3Y) | -35.6% | -44.3% |
| Market cap | $16.8B | $14.7B |
| P/E (trailing) | 18.4 | 9.2 |
| Dividend yield | 1.25% | 3.38% |
| Sector / category | Materials | Consumer Staples |
Year-by-year returns
| Year | BALL | MKC |
|---|---|---|
| 2022 | -46.2% | -12.7% |
| 2023 | +14.1% | -15.7% |
| 2024 | -3.0% | +14.0% |
| 2025 | -2.4% | -8.3% |
| 2026 | +20.4% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL and MKC good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BALL and MKC?
The BALL/MKC correlation stands at 0.53 on a 3-year window (1 year: 0.61, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is MKC a good diversifier for BALL?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ball-vs-mkc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ball-vs-mkc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BALL correlations · MKC correlations
