BF.B vs CNH: Correlation
Brown–Forman (BF.B) and CNH Industrial N.V. (CNH) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BF.B and CNH?
Over the past 3 years, BF.B and CNH moved with a correlation of 0.47, which is moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 531.7 %².
By 3-year correlation, CNH places #5 of the 36 assets tracked against BF.B. Their 12-month results are close: -7.4% for BF.B against -4.4% for CNH.
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.
BF.B vs CNH: side by side
| BF.B (Brown–Forman) | CNH (CNH Industrial N.V.) | |
|---|---|---|
| 1-year return | -7.4% | -4.4% |
| 5-year return | -56.8% | -12.0% |
| Volatility (ann.) | 34.0% | 33.5% |
| Beta vs S&P 500 | 0.51 | 0.73 |
| Max drawdown (3Y) | -64.8% | -33.2% |
| Market cap | $12.5B | $18.4B |
| P/E (trailing) | 18.3 | 45.7 |
| Dividend yield | 3.26% | 0.86% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BF.B | CNH |
|---|---|---|
| 2022 | -8.9% | -3.2% |
| 2023 | -11.9% | -22.0% |
| 2024 | -32.2% | -3.1% |
| 2025 | -29.3% | -17.1% |
| 2026 | +6.6% | +25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BF.B and CNH good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BF.B and CNH?
As of 2026-08-27, the correlation of weekly returns between BF.B and CNH is 0.47 over 3 years, 0.49 over 1 year and 0.38 over 5 years.
Is CNH a good diversifier for BF.B?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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/bf-b-vs-cnh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bf-b-vs-cnh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BF.B correlations · CNH correlations
