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BBY vs CRSR: Correlation

Measured on weekly returns over the past three years, Best Buy (BBY) and Corsair Gaming, Inc. (CRSR) carry a correlation of 0.47, a moderate link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.47
moderate
Correlation (1Y)
0.48
last 12 months
Correlation (5Y)
0.46
long-run
Ann. covariance
1246.7
%² · weekly, annualized

How correlated are BBY and CRSR?

Over the past 3 years, BBY and CRSR moved with a correlation of 0.47, which is moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 1246.7 %².

Within BBY's tracked universe of 33 assets, CRSR comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRSR outperformed by 18.6 percentage points (+16.9% for BBY against +35.5% for CRSR). Note the risk asymmetry: CRSR runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.

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.

BBY vs CRSR: side by side

BBY (Best Buy)CRSR (Corsair Gaming, Inc.)
1-year return+16.9%+35.5%
5-year return-11.2%-57.7%
Volatility (ann.)37.6%71.0%
Beta vs S&P 5000.972.22
Max drawdown (3Y)-44.3%-71.3%
Market cap$1.3B
P/E (trailing)16.238.6
Dividend yield0.00%0.00%
Sector / categoryConsumer DiscretionaryUS Listed
Lower P/E: BBY 16.2 vs 38.6Smaller drawdown: BBY -44.3% vs -71.3%Higher 5y return: BBY -11.2% vs -57.7%
-42%0%+62%2025-09-052026-08-27
Twelve months of weekly closes, each series rebased to 100. BBY · CRSR

Year-by-year returns

YearBBYCRSR
2022-17.5%-35.4%
2023+2.5%+3.9%
2024+14.4%-53.1%
2025-17.8%-10.1%
2026+28.4%+101.7%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are BBY and CRSR good diversifiers for each other?

A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.

FAQ

What is the correlation between BBY and CRSR?

The BBY/CRSR correlation stands at 0.47 on a 3-year window (1 year: 0.48, 5 years: 0.46), computed from weekly returns as of 2026-08-27.

Is CRSR a good diversifier for BBY?

A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.

What does a correlation of 0.47 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

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BBY vs CRSR: 3-year weekly correlation 0.47BBY vs CRSR0.47

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Hubs: BBY correlations · CRSR correlations