BCH vs CCU: Correlation
Banco De Chile (BCH) and Compania Cervecerias Unidas, S.A. (CCU) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCH and CCU?
Across a 3-year window, the weekly returns of BCH and CCU correlate at 0.60, strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 419.3 %².
Few assets follow BCH as closely as CCU, which ranks #2 of 15 tracked partners. The last year tells two different stories: BCH led by 54.6 percentage points, +55.4% for BCH against +0.8% for CCU.
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.
BCH vs CCU: side by side
| BCH (Banco De Chile) | CCU (Compania Cervecerias Unidas, S.A.) | |
|---|---|---|
| 1-year return | +55.4% | +0.8% |
| 5-year return | +219.8% | -22.7% |
| Volatility (ann.) | 24.6% | 28.3% |
| Beta vs S&P 500 | 0.63 | 0.60 |
| Max drawdown (3Y) | -20.0% | -30.8% |
| Market cap | $21.0B | – |
| P/E (trailing) | 15.8 | 20.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCH | CCU |
|---|---|---|
| 2022 | +41.2% | -15.0% |
| 2023 | +23.4% | -2.5% |
| 2024 | +6.1% | -6.2% |
| 2025 | +81.2% | +14.2% |
| 2026 | +16.1% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCH and CCU good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BCH and CCU?
The BCH/CCU correlation stands at 0.60 on a 3-year window (1 year: 0.66, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is CCU a good diversifier for BCH?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 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/bch-vs-ccu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bch-vs-ccu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCH correlations · CCU correlations
