BC vs HOG: Correlation
Brunswick Corporation (BC) and Harley-Davidson, Inc. (HOG) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BC and HOG?
Over the past 3 years, BC and HOG moved with a correlation of 0.60, which is strong. The past 12 months show a weaker link (0.38) than the 3-year average (0.60). Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 740.3 %².
By 3-year correlation, HOG places #21 of the 58 assets tracked against BC. Correlation aside, the last 12 months split them widely, with BC ahead by 23.1 points (+21.7% versus -1.4%).
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 HOG: side by side
| BC (Brunswick Corporation) | HOG (Harley-Davidson, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | -1.4% |
| 5-year return | -15.3% | -22.1% |
| Volatility (ann.) | 35.8% | 34.2% |
| Beta vs S&P 500 | 1.22 | 0.91 |
| Max drawdown (3Y) | -56.5% | -58.7% |
| Market cap | $5.0B | $2.9B |
| P/E (trailing) | – | 15.5 |
| Dividend yield | 2.18% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BC | HOG |
|---|---|---|
| 2022 | -27.1% | +12.1% |
| 2023 | +36.9% | -9.8% |
| 2024 | -31.8% | -16.6% |
| 2025 | +18.1% | -30.1% |
| 2026 | +6.2% | +38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BC and HOG good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BC and HOG?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.38 over the last year and 0.66 over 5 years.
Is HOG a good diversifier for BC?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BC correlations · HOG correlations
