BC vs TAN: Correlation
Brunswick Corporation (BC) and Invesco Solar ETF (TAN) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BC and TAN?
Across a 3-year window, the weekly returns of BC and TAN correlate at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.52 over 3 years. Stretching to 5 years gives 0.46, with an annualized covariance of 692.2 %².
Within BC's tracked universe of 58 assets, TAN comes in at #37 by 3-year correlation. Their 12-month results are close: +21.7% for BC against +21.4% for TAN.
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 TAN: side by side
| BC (Brunswick Corporation) | TAN (Invesco Solar ETF) | |
|---|---|---|
| 1-year return | +21.7% | +21.4% |
| 5-year return | -15.3% | -41.9% |
| Volatility (ann.) | 35.8% | 37.4% |
| Beta vs S&P 500 | 1.22 | 1.04 |
| Max drawdown (3Y) | -56.5% | -55.4% |
| Market cap | $5.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.18% | – |
| Sector / category | US Listed | ETF · Thematic |
Year-by-year returns
| Year | BC | TAN |
|---|---|---|
| 2022 | -27.1% | -5.2% |
| 2023 | +36.9% | -26.8% |
| 2024 | -31.8% | -37.6% |
| 2025 | +18.1% | +48.3% |
| 2026 | +6.2% | +1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BC and TAN 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 TAN?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.30 over the last year and 0.46 over 5 years.
Is TAN 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?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bc-vs-tan.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bc-vs-tan/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BC correlations · TAN correlations
