BF.B vs FUL: Correlation
Brown–Forman (BF.B) and H. B. Fuller Company (FUL) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BF.B and FUL?
Across a 3-year window, the weekly returns of BF.B and FUL correlate at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.46 over 3 years. Stretching to 5 years gives 0.45, with an annualized covariance of 489.2 %².
Within BF.B's tracked universe of 36 assets, FUL comes in at #7 by 3-year correlation. Their 12-month results are close: -7.4% for BF.B against -6.1% for FUL.
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 FUL: side by side
| BF.B (Brown–Forman) | FUL (H. B. Fuller Company) | |
|---|---|---|
| 1-year return | -7.4% | -6.1% |
| 5-year return | -56.8% | -10.4% |
| Volatility (ann.) | 34.0% | 31.0% |
| Beta vs S&P 500 | 0.51 | 0.93 |
| Max drawdown (3Y) | -64.8% | -43.5% |
| Market cap | $12.5B | $3.1B |
| P/E (trailing) | 18.3 | 17.2 |
| Dividend yield | 3.26% | 1.64% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BF.B | FUL |
|---|---|---|
| 2022 | -8.9% | -10.6% |
| 2023 | -11.9% | +15.0% |
| 2024 | -32.2% | -16.2% |
| 2025 | -29.3% | -10.5% |
| 2026 | +6.6% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BF.B and FUL good diversifiers for each other?
Reasonably. At 0.46, BF.B and FUL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BF.B and FUL?
The BF.B/FUL correlation stands at 0.46 on a 3-year window (1 year: 0.56, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is FUL a good diversifier for BF.B?
Reasonably. At 0.46, BF.B and FUL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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-ful.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bf-b-vs-ful/)
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Related comparisons
Hubs: BF.B correlations · FUL correlations
