BC vs ETSY: Correlation
Brunswick Corporation (BC) and Etsy, Inc. (ETSY) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BC and ETSY?
Over the past 3 years, BC and ETSY moved with a correlation of 0.48, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 788.1 %².
By 3-year correlation, ETSY places #42 of the 58 assets tracked against BC. Correlation aside, the last 12 months split them widely, with ETSY ahead by 30.7 points (+21.7% versus +52.4%).
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 ETSY: side by side
| BC (Brunswick Corporation) | ETSY (Etsy, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | +52.4% |
| 5-year return | -15.3% | -61.9% |
| Volatility (ann.) | 35.8% | 46.0% |
| Beta vs S&P 500 | 1.22 | 0.98 |
| Max drawdown (3Y) | -56.5% | -53.1% |
| Market cap | $5.0B | $7.6B |
| P/E (trailing) | – | 25.8 |
| Dividend yield | 2.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BC | ETSY |
|---|---|---|
| 2022 | -27.1% | -45.3% |
| 2023 | +36.9% | -32.3% |
| 2024 | -31.8% | -34.7% |
| 2025 | +18.1% | +4.8% |
| 2026 | +6.2% | +49.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BC and ETSY good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BC and ETSY?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.43 over the last year and 0.47 over 5 years.
Is ETSY a good diversifier for BC?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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-etsy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bc-vs-etsy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BC correlations · ETSY correlations
