BC vs SHOE: Correlation
Brunswick Corporation (BC) and Shoe Station Group, Inc. (SHOE) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BC and SHOE?
On 3 years of weekly data the BC/SHOE correlation comes out at 0.61, strong. The relationship has been stable: the 1-year correlation (0.63) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 942.0 %².
By 3-year correlation, SHOE places #19 of the 58 assets tracked against BC. Their recent paths diverged sharply: over the last 12 months BC outperformed by 56.4 percentage points (+21.7% for BC against -34.7% for SHOE).
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 SHOE: side by side
| BC (Brunswick Corporation) | SHOE (Shoe Station Group, Inc.) | |
|---|---|---|
| 1-year return | +21.7% | -34.7% |
| 5-year return | -15.3% | -59.3% |
| Volatility (ann.) | 35.8% | 43.2% |
| Beta vs S&P 500 | 1.22 | 1.24 |
| Max drawdown (3Y) | -56.5% | -68.0% |
| Market cap | $5.0B | $0.4B |
| P/E (trailing) | – | 10.3 |
| Dividend yield | 2.18% | 4.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BC | SHOE |
|---|---|---|
| 2022 | -27.1% | -38.0% |
| 2023 | +36.9% | +28.5% |
| 2024 | -31.8% | +11.2% |
| 2025 | +18.1% | -47.6% |
| 2026 | +6.2% | -15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BC and SHOE good diversifiers for each other?
To a limited degree. At 0.61 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 SHOE?
The BC/SHOE correlation stands at 0.61 on a 3-year window (1 year: 0.63, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is SHOE a good diversifier for BC?
To a limited degree. At 0.61 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 0.61 mean?
A reading of 0.61 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-shoe.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bc-vs-shoe/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BC correlations · SHOE correlations
