BALL vs SLGN: Correlation
Ball Corporation (BALL) and Silgan Holdings Inc. (SLGN) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and SLGN?
Across a 3-year window, the weekly returns of BALL and SLGN correlate at 0.58, moderate. The link has tightened recently: the 1-year correlation (0.73) runs above the 3-year figure (0.58). Stretching to 5 years gives 0.54, with an annualized covariance of 460.6 %².
SLGN is one of the assets that tracks BALL most closely: it ranks #2 out of the 41 assets we track against BALL. Correlation aside, the last 12 months split them widely, with BALL ahead by 30.8 points (+22.9% versus -7.9%).
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 SLGN: side by side
| BALL (Ball Corporation) | SLGN (Silgan Holdings Inc.) | |
|---|---|---|
| 1-year return | +22.9% | -7.9% |
| 5-year return | -29.3% | +5.9% |
| Volatility (ann.) | 26.9% | 29.4% |
| Beta vs S&P 500 | 0.43 | 0.58 |
| Max drawdown (3Y) | -35.6% | -35.0% |
| Market cap | $16.8B | $4.4B |
| P/E (trailing) | 18.4 | 16.9 |
| Dividend yield | 1.25% | 1.91% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | BALL | SLGN |
|---|---|---|
| 2022 | -46.2% | +22.7% |
| 2023 | +14.1% | -11.3% |
| 2024 | -3.0% | +16.8% |
| 2025 | -2.4% | -21.1% |
| 2026 | +20.4% | +4.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL and SLGN good diversifiers for each other?
Only partially. A correlation of 0.58 means BALL and SLGN 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 BALL and SLGN?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.73 over the last year and 0.54 over 5 years.
Is SLGN a good diversifier for BALL?
Only partially. A correlation of 0.58 means BALL and SLGN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 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-slgn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ball-vs-slgn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BALL correlations · SLGN correlations
