BF.B vs EL: Correlation
Measured on weekly returns over the past three years, Brown–Forman (BF.B) and Estée Lauder Companies (The) (EL) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BF.B and EL?
On 3 years of weekly data the BF.B/EL correlation comes out at 0.27, weak. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.27). The 5-year figure is 0.31, and annualized covariance runs at 432.0 %².
Within BF.B's tracked universe of 36 assets, EL comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EL ahead by 23.8 points (-7.4% versus +16.4%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.05 and 0.63 over the past three years, so this pair behaves very differently depending on the market environment.
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 EL: side by side
| BF.B (Brown–Forman) | EL (Estée Lauder Companies (The)) | |
|---|---|---|
| 1-year return | -7.4% | +16.4% |
| 5-year return | -56.8% | -66.7% |
| Volatility (ann.) | 34.0% | 47.0% |
| Beta vs S&P 500 | 0.51 | 1.28 |
| Max drawdown (3Y) | -64.8% | -68.4% |
| Market cap | $12.5B | $38.4B |
| P/E (trailing) | 18.3 | 208.3 |
| Dividend yield | 3.26% | 1.33% |
| Sector / category | Consumer Staples | Consumer Staples |
Year-by-year returns
| Year | BF.B | EL |
|---|---|---|
| 2022 | -8.9% | -32.3% |
| 2023 | -11.9% | -40.1% |
| 2024 | -32.2% | -47.6% |
| 2025 | -29.3% | +42.1% |
| 2026 | +6.6% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BF.B and EL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BF.B and EL?
The BF.B/EL correlation stands at 0.27 on a 3-year window (1 year: 0.05, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is EL a good diversifier for BF.B?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 mean?
A reading of 0.27 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/bf-b-vs-el.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bf-b-vs-el/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BF.B correlations · EL correlations
