BC vs HZO: Correlation
Measured on weekly returns over the past three years, Brunswick Corporation (BC) and MarineMax, Inc. (FL) (HZO) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BC and HZO?
Across a 3-year window, the weekly returns of BC and HZO correlate at 0.61, strong. Recent behaviour matches the longer record: 0.51 over 1 year against 0.61 over 3. Stretching to 5 years gives 0.61, with an annualized covariance of 1245.3 %².
Among the 58 assets we track against BC, HZO ranks #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HZO outperformed by 65.1 percentage points (+21.7% for BC against +86.8% for HZO). Risk is not evenly split, since HZO carries 1.6 times the volatility of the other side.
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 HZO: side by side
| BC (Brunswick Corporation) | HZO (MarineMax, Inc. (FL)) | |
|---|---|---|
| 1-year return | +21.7% | +86.8% |
| 5-year return | -15.3% | +5.1% |
| Volatility (ann.) | 35.8% | 57.2% |
| Beta vs S&P 500 | 1.22 | 1.70 |
| Max drawdown (3Y) | -56.5% | -55.0% |
| Market cap | $5.0B | $1.2B |
| P/E (trailing) | – | 326.2 |
| Dividend yield | 2.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BC | HZO |
|---|---|---|
| 2022 | -27.1% | -47.1% |
| 2023 | +36.9% | +24.6% |
| 2024 | -31.8% | -25.6% |
| 2025 | +18.1% | -16.3% |
| 2026 | +6.2% | +115.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BC and HZO good diversifiers for each other?
Only partially. A correlation of 0.61 means BC and HZO 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 HZO?
As of 2026-08-27, the correlation of weekly returns between BC and HZO is 0.61 over 3 years, 0.51 over 1 year and 0.61 over 5 years.
Is HZO a good diversifier for BC?
Only partially. A correlation of 0.61 means BC and HZO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 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-hzo.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bc-vs-hzo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BC correlations · HZO correlations
