BC vs RDNW: Correlation
How closely do Brunswick Corporation (BC) and RideNow Group, Inc. (RDNW) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BC and RDNW?
Over the past 3 years, BC and RDNW moved with a correlation of 0.52, which is moderate. The link has loosened recently: the 1-year correlation (0.33) runs below the 3-year figure (0.52). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 1493.9 %².
Within BC's tracked universe of 58 assets, RDNW comes in at #36 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RDNW outperformed by 51.3 percentage points (+21.7% for BC against +73.0% for RDNW). One caveat on sizing: RDNW is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 RDNW: side by side
| BC (Brunswick Corporation) | RDNW (RideNow Group, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | +73.0% |
| 5-year return | -15.3% | -83.4% |
| Volatility (ann.) | 35.8% | 80.4% |
| Beta vs S&P 500 | 1.22 | 2.03 |
| Max drawdown (3Y) | -56.5% | -82.3% |
| 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 | RDNW |
|---|---|---|
| 2022 | -27.1% | -84.4% |
| 2023 | +36.9% | +25.8% |
| 2024 | -31.8% | -33.3% |
| 2025 | +18.1% | +1.7% |
| 2026 | +6.2% | +6.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BC and RDNW good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BC and RDNW?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.33 over the last year and 0.35 over 5 years.
Is RDNW a good diversifier for BC?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 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-rdnw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bc-vs-rdnw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BC correlations · RDNW correlations
