BALL vs SWK: Correlation
Measured on weekly returns over the past three years, Ball Corporation (BALL) and Stanley Black & Decker (SWK) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and SWK?
Across a 3-year window, the weekly returns of BALL and SWK correlate at 0.55, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.55 over 3. Stretching to 5 years gives 0.52, with an annualized covariance of 526.8 %².
Among the 41 assets we track against BALL, SWK ranks #7 by 3-year correlation. On 12-month performance SWK holds a 14.1-point edge, +22.9% against +37.0%. The rolling one-year correlation stayed in a tight band between 0.43 and 0.66 over the past three years, which points to a structural rather than episodic relationship.
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 SWK: side by side
| BALL (Ball Corporation) | SWK (Stanley Black & Decker) | |
|---|---|---|
| 1-year return | +22.9% | +37.0% |
| 5-year return | -29.3% | -39.1% |
| Volatility (ann.) | 26.9% | 35.4% |
| Beta vs S&P 500 | 0.43 | 1.19 |
| Max drawdown (3Y) | -35.6% | -48.3% |
| Market cap | $16.8B | $15.0B |
| P/E (trailing) | 18.4 | 24.4 |
| Dividend yield | 1.25% | 3.33% |
| Sector / category | Materials | Industrials |
Year-by-year returns
| Year | BALL | SWK |
|---|---|---|
| 2022 | -46.2% | -58.9% |
| 2023 | +14.1% | +35.6% |
| 2024 | -3.0% | -15.2% |
| 2025 | -2.4% | -3.2% |
| 2026 | +20.4% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL and SWK good diversifiers for each other?
Only partially. A correlation of 0.55 means BALL and SWK 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 SWK?
The BALL/SWK correlation stands at 0.55 on a 3-year window (1 year: 0.55, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is SWK a good diversifier for BALL?
Only partially. A correlation of 0.55 means BALL and SWK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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-swk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ball-vs-swk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BALL correlations · SWK correlations
