BF.B vs GNTX: Correlation
Brown–Forman (BF.B) and Gentex Corporation (GNTX) 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 GNTX?
Across a 3-year window, the weekly returns of BF.B and GNTX correlate at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 392.7 %².
Among the 36 assets we track against BF.B, GNTX ranks #8 by 3-year correlation. On 12-month performance BF.B holds a 9.8-point edge, -7.4% against -17.2%.
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 GNTX: side by side
| BF.B (Brown–Forman) | GNTX (Gentex Corporation) | |
|---|---|---|
| 1-year return | -7.4% | -17.2% |
| 5-year return | -56.8% | -18.8% |
| Volatility (ann.) | 34.0% | 24.9% |
| Beta vs S&P 500 | 0.51 | 0.61 |
| Max drawdown (3Y) | -64.8% | -43.0% |
| Market cap | $12.5B | $4.9B |
| P/E (trailing) | 18.3 | 12.2 |
| Dividend yield | 3.26% | 2.01% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BF.B | GNTX |
|---|---|---|
| 2022 | -8.9% | -20.4% |
| 2023 | -11.9% | +21.8% |
| 2024 | -32.2% | -10.7% |
| 2025 | -29.3% | -17.4% |
| 2026 | +6.6% | +0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BF.B and GNTX good diversifiers for each other?
A fair diversifier. At 0.46, 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 GNTX?
The BF.B/GNTX correlation stands at 0.46 on a 3-year window (1 year: 0.48, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is GNTX a good diversifier for BF.B?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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
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Related comparisons
Hubs: BF.B correlations · GNTX correlations
