BBY vs MOV: Correlation
How closely do Best Buy (BBY) and Movado Group Inc. (MOV) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBY and MOV?
Across a 3-year window, the weekly returns of BBY and MOV correlate at 0.48, moderate. The link has tightened recently: the 1-year correlation (0.65) runs above the 3-year figure (0.48). Stretching to 5 years gives 0.41, with an annualized covariance of 706.0 %².
By 3-year correlation, MOV places #5 of the 33 assets tracked against BBY. Correlation aside, the last 12 months split them widely, with MOV ahead by 92.3 points (+16.9% versus +109.2%).
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 MOV: side by side
| BBY (Best Buy) | MOV (Movado Group Inc.) | |
|---|---|---|
| 1-year return | +16.9% | +109.2% |
| 5-year return | -11.2% | +29.6% |
| Volatility (ann.) | 37.6% | 39.1% |
| Beta vs S&P 500 | 0.97 | 1.15 |
| Max drawdown (3Y) | -44.3% | -55.1% |
| Market cap | – | $0.8B |
| P/E (trailing) | 16.2 | 19.4 |
| Dividend yield | 0.00% | 2.00% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | BBY | MOV |
|---|---|---|
| 2022 | -17.5% | -19.7% |
| 2023 | +2.5% | +2.0% |
| 2024 | +14.4% | -30.6% |
| 2025 | -17.8% | +13.9% |
| 2026 | +28.4% | +71.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBY and MOV good diversifiers for each other?
Reasonably. At 0.48, BBY and MOV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BBY and MOV?
As of 2026-08-27, the correlation of weekly returns between BBY and MOV is 0.48 over 3 years, 0.65 over 1 year and 0.41 over 5 years.
Is MOV a good diversifier for BBY?
Reasonably. At 0.48, BBY and MOV keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/bby-vs-mov.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bby-vs-mov/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBY correlations · MOV correlations
