BC vs CAL: Correlation
Brunswick Corporation (BC) and Caleres, Inc. (CAL) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BC and CAL?
On 3 years of weekly data the BC/CAL correlation comes out at 0.57, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.69 versus 0.57 over 3 years. The 5-year figure is 0.51, and annualized covariance runs at 1140.2 %².
By 3-year correlation, CAL places #27 of the 58 assets tracked against BC. Their recent paths diverged sharply: over the last 12 months BC outperformed by 39.1 percentage points (+21.7% for BC against -17.4% for CAL). Note the risk asymmetry: CAL runs 1.6 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.
BC vs CAL: side by side
| BC (Brunswick Corporation) | CAL (Caleres, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | -17.4% |
| 5-year return | -15.3% | -45.9% |
| Volatility (ann.) | 35.8% | 55.9% |
| Beta vs S&P 500 | 1.22 | 1.37 |
| Max drawdown (3Y) | -56.5% | -79.4% |
| Market cap | $5.0B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 2.18% | 2.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BC | CAL |
|---|---|---|
| 2022 | -27.1% | -0.6% |
| 2023 | +36.9% | +39.4% |
| 2024 | -31.8% | -23.9% |
| 2025 | +18.1% | -46.4% |
| 2026 | +6.2% | +4.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BC and CAL good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BC and CAL?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.69 over the last year and 0.51 over 5 years.
Is CAL a good diversifier for BC?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: BC correlations · CAL correlations
