BC vs CME: Correlation
How closely do Brunswick Corporation (BC) and CME Group (CME) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BC and CME?
Over the past 3 years, BC and CME moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.28 lands near the 3-year figure. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -177.9 %².
Out of 58 assets tracked against BC, CME lands near the bottom at #56. Over the last 12 months BC came out ahead by 13.6 percentage points (+21.7% against +8.1%). Note the risk asymmetry: BC runs 1.8 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 CME: side by side
| BC (Brunswick Corporation) | CME (CME Group) | |
|---|---|---|
| 1-year return | +21.7% | +8.1% |
| 5-year return | -15.3% | +73.9% |
| Volatility (ann.) | 35.8% | 20.0% |
| Beta vs S&P 500 | 1.22 | 0.12 |
| Max drawdown (3Y) | -56.5% | -31.1% |
| Market cap | $5.0B | $101.0B |
| P/E (trailing) | – | 23.8 |
| Dividend yield | 2.18% | 1.82% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BC | CME |
|---|---|---|
| 2022 | -27.1% | -22.9% |
| 2023 | +36.9% | +31.3% |
| 2024 | -31.8% | +15.4% |
| 2025 | +18.1% | +19.8% |
| 2026 | +6.2% | +5.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BC and CME good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between BC and CME?
As of 2026-08-27, the correlation of weekly returns between BC and CME is -0.25 over 3 years, -0.28 over 1 year and -0.07 over 5 years.
Is CME a good diversifier for BC?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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-cme.json
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Related comparisons
Hubs: BC correlations · CME correlations
