BC vs BH: Correlation
Brunswick Corporation (BC) and Biglari Holdings Inc. (BH) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BC and BH?
On 3 years of weekly data the BC/BH correlation comes out at 0.43, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.43 over 3 years. The 5-year figure is 0.36, and annualized covariance runs at 687.2 %².
By 3-year correlation, BH places #52 of the 58 assets tracked against BC. Their 12-month results are close: +21.7% for BC against +19.6% for BH.
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.
BC vs BH: side by side
| BC (Brunswick Corporation) | BH (Biglari Holdings Inc.) | |
|---|---|---|
| 1-year return | +21.7% | +19.6% |
| 5-year return | -15.3% | +115.0% |
| Volatility (ann.) | 35.8% | 45.1% |
| Beta vs S&P 500 | 1.22 | 0.45 |
| Max drawdown (3Y) | -56.5% | -48.0% |
| Market cap | $5.0B | $1.2B |
| P/E (trailing) | – | – |
| Dividend yield | 2.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BC | BH |
|---|---|---|
| 2022 | -27.1% | -2.6% |
| 2023 | +36.9% | +18.8% |
| 2024 | -31.8% | +54.2% |
| 2025 | +18.1% | +30.7% |
| 2026 | +6.2% | +14.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BC and BH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BC and BH?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.57 over the last year and 0.36 over 5 years.
Is BH a good diversifier for BC?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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/bc-vs-bh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bc-vs-bh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BC correlations · BH correlations
