BC vs TNC: Correlation
Measured on weekly returns over the past three years, Brunswick Corporation (BC) and Tennant Company (TNC) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BC and TNC?
On 3 years of weekly data the BC/TNC correlation comes out at 0.58, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.58 over 3. The 5-year figure is 0.58, and annualized covariance runs at 652.8 %².
By 3-year correlation, TNC places #26 of the 58 assets tracked against BC. Correlation aside, the last 12 months split them widely, with BC ahead by 36.7 points (+21.7% versus -15.0%).
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 TNC: side by side
| BC (Brunswick Corporation) | TNC (Tennant Company) | |
|---|---|---|
| 1-year return | +21.7% | -15.0% |
| 5-year return | -15.3% | +1.8% |
| Volatility (ann.) | 35.8% | 31.5% |
| Beta vs S&P 500 | 1.22 | 0.90 |
| Max drawdown (3Y) | -56.5% | -49.0% |
| Market cap | $5.0B | $1.2B |
| P/E (trailing) | – | 67.3 |
| Dividend yield | 2.18% | 1.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BC | TNC |
|---|---|---|
| 2022 | -27.1% | -22.8% |
| 2023 | +36.9% | +52.6% |
| 2024 | -31.8% | -11.0% |
| 2025 | +18.1% | -8.2% |
| 2026 | +6.2% | -4.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BC and TNC good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BC and TNC?
As of 2026-08-27, the correlation of weekly returns between BC and TNC is 0.58 over 3 years, 0.54 over 1 year and 0.58 over 5 years.
Is TNC a good diversifier for BC?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 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-tnc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bc-vs-tnc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BC correlations · TNC correlations
