BC vs GAP: Correlation
Measured on weekly returns over the past three years, Brunswick Corporation (BC) and Gap, Inc. (The) (GAP) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BC and GAP?
Across a 3-year window, the weekly returns of BC and GAP correlate at 0.45, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.45 over 3 years. Stretching to 5 years gives 0.51, with an annualized covariance of 872.4 %².
By 3-year correlation, GAP places #50 of the 58 assets tracked against BC. The last year tells two different stories: BC led by 25.6 percentage points, +21.7% for BC against -3.9% for GAP. Note the risk asymmetry: GAP runs 1.5 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 GAP: side by side
| BC (Brunswick Corporation) | GAP (Gap, Inc. (The)) | |
|---|---|---|
| 1-year return | +21.7% | -3.9% |
| 5-year return | -15.3% | -5.3% |
| Volatility (ann.) | 35.8% | 54.0% |
| Beta vs S&P 500 | 1.22 | 1.17 |
| Max drawdown (3Y) | -56.5% | -38.0% |
| Market cap | $5.0B | – |
| P/E (trailing) | – | 8.4 |
| Dividend yield | 2.18% | 3.17% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BC | GAP |
|---|---|---|
| 2022 | -27.1% | -32.6% |
| 2023 | +36.9% | +96.7% |
| 2024 | -31.8% | +16.1% |
| 2025 | +18.1% | +11.7% |
| 2026 | +6.2% | -16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BC and GAP good diversifiers for each other?
Reasonably. At 0.45, BC and GAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BC and GAP?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.59 over the last year and 0.51 over 5 years.
Is GAP a good diversifier for BC?
Reasonably. At 0.45, BC and GAP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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
$ curl https://www.pairbook.io/api/v1/pairs/bc-vs-gap.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bc-vs-gap/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BC correlations · GAP correlations
