BC vs ONEW: Correlation
Measured on weekly returns over the past three years, Brunswick Corporation (BC) and OneWater Marine Inc. (ONEW) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BC and ONEW?
On 3 years of weekly data the BC/ONEW correlation comes out at 0.63, strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 1328.8 %².
By 3-year correlation, ONEW places #15 of the 58 assets tracked against BC. Correlation aside, the last 12 months split them widely, with BC ahead by 54.9 points (+21.7% versus -33.2%). Risk is not evenly split, since ONEW 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 ONEW: side by side
| BC (Brunswick Corporation) | ONEW (OneWater Marine Inc.) | |
|---|---|---|
| 1-year return | +21.7% | -33.2% |
| 5-year return | -15.3% | -71.6% |
| Volatility (ann.) | 35.8% | 59.0% |
| Beta vs S&P 500 | 1.22 | 1.72 |
| Max drawdown (3Y) | -56.5% | -76.1% |
| Market cap | $5.0B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 2.18% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BC | ONEW |
|---|---|---|
| 2022 | -27.1% | -53.1% |
| 2023 | +36.9% | +18.1% |
| 2024 | -31.8% | -48.6% |
| 2025 | +18.1% | -37.7% |
| 2026 | +6.2% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BC and ONEW good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BC and ONEW?
As of 2026-08-27, the correlation of weekly returns between BC and ONEW is 0.63 over 3 years, 0.64 over 1 year and 0.58 over 5 years.
Is ONEW a good diversifier for BC?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 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-onew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bc-vs-onew/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BC correlations · ONEW correlations
