BC vs CWH: Correlation
Brunswick Corporation (BC) and Camping World Holdings, Inc. (CWH) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BC and CWH?
Over the past 3 years, BC and CWH moved with a correlation of 0.74, which is strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 1603.8 %².
Within BC's tracked universe of 58 assets, CWH comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BC outperformed by 84.7 percentage points (+21.7% for BC against -63.0% for CWH). Note the risk asymmetry: CWH runs 1.7 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 CWH: side by side
| BC (Brunswick Corporation) | CWH (Camping World Holdings, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | -63.0% |
| 5-year return | -15.3% | -79.9% |
| Volatility (ann.) | 35.8% | 60.7% |
| Beta vs S&P 500 | 1.22 | 2.02 |
| Max drawdown (3Y) | -56.5% | -79.1% |
| Market cap | $5.0B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 2.18% | 3.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BC | CWH |
|---|---|---|
| 2022 | -27.1% | -39.6% |
| 2023 | +36.9% | +25.1% |
| 2024 | -31.8% | -17.9% |
| 2025 | +18.1% | -52.2% |
| 2026 | +6.2% | -33.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BC and CWH good diversifiers for each other?
Only partially. A correlation of 0.74 means BC and CWH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BC and CWH?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.67 over the last year and 0.71 over 5 years.
Is CWH a good diversifier for BC?
Only partially. A correlation of 0.74 means BC and CWH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 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-cwh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bc-vs-cwh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BC correlations · CWH correlations
