BC vs CALY: Correlation
Measured on weekly returns over the past three years, Brunswick Corporation (BC) and Callaway Golf Company (CALY) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BC and CALY?
Over the past 3 years, BC and CALY moved with a correlation of 0.51, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 1004.7 %².
By 3-year correlation, CALY places #39 of the 58 assets tracked against BC. The last year tells two different stories: CALY led by 35.9 percentage points, +21.7% for BC against +57.6% for CALY. Risk is not evenly split, since CALY carries 1.6 times the volatility of the other side.
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 CALY: side by side
| BC (Brunswick Corporation) | CALY (Callaway Golf Company) | |
|---|---|---|
| 1-year return | +21.7% | +57.6% |
| 5-year return | -15.3% | -45.7% |
| Volatility (ann.) | 35.8% | 55.5% |
| Beta vs S&P 500 | 1.22 | 1.11 |
| Max drawdown (3Y) | -56.5% | -68.1% |
| Market cap | $5.0B | $2.8B |
| P/E (trailing) | – | 36.8 |
| Dividend yield | 2.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BC | CALY |
|---|---|---|
| 2022 | -27.1% | -28.0% |
| 2023 | +36.9% | -27.4% |
| 2024 | -31.8% | -45.2% |
| 2025 | +18.1% | +48.5% |
| 2026 | +6.2% | +32.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BC and CALY good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BC and CALY?
The BC/CALY correlation stands at 0.51 on a 3-year window (1 year: 0.54, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is CALY a good diversifier for BC?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/bc-vs-caly.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bc-vs-caly/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BC correlations · CALY correlations
