BATL vs BF.B: Correlation
Measured on weekly returns over the past three years, Battalion Oil Corporation (BATL) and Brown–Forman (BF.B) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BATL and BF.B?
On 3 years of weekly data the BATL/BF.B correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.20). The 5-year figure is -0.18, and annualized covariance runs at -1691.2 %².
By 3-year correlation, BF.B places #26 of the 44 assets tracked against BATL. Correlation aside, the last 12 months split them widely, with BATL ahead by 20.1 points (+12.7% versus -7.4%). One caveat on sizing: BATL is 7.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BATL vs BF.B: side by side
| BATL (Battalion Oil Corporation) | BF.B (Brown–Forman) | |
|---|---|---|
| 1-year return | +12.7% | -7.4% |
| 5-year return | -87.1% | -56.8% |
| Volatility (ann.) | 252.0% | 34.0% |
| Beta vs S&P 500 | -0.19 | 0.51 |
| Max drawdown (3Y) | -95.8% | -64.8% |
| Market cap | $0.1B | $12.5B |
| P/E (trailing) | – | 18.3 |
| Dividend yield | 0.00% | 3.26% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | BATL | BF.B |
|---|---|---|
| 2022 | -0.9% | -8.9% |
| 2023 | -1.0% | -11.9% |
| 2024 | -82.1% | -32.2% |
| 2025 | -34.3% | -29.3% |
| 2026 | +17.7% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BATL and BF.B good diversifiers for each other?
Yes. With a correlation of -0.20, BATL and BF.B have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BATL and BF.B?
As of 2026-08-27, the correlation of weekly returns between BATL and BF.B is -0.20 over 3 years, -0.37 over 1 year and -0.18 over 5 years.
Is BF.B a good diversifier for BATL?
Yes. With a correlation of -0.20, BATL and BF.B have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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
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Related comparisons
Hubs: BATL correlations · BF.B correlations
