BF.B vs GWRE: Correlation
Measured on weekly returns over the past three years, Brown–Forman (BF.B) and Guidewire Software, Inc. (GWRE) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BF.B and GWRE?
On 3 years of weekly data the BF.B/GWRE correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. The 5-year figure is -0.10, and annualized covariance runs at -384.8 %².
Out of 36 assets tracked against BF.B, GWRE lands near the bottom at #35. Twelve-month performance is nearly a tie, at -7.4% for BF.B and -7.1% for GWRE.
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 GWRE: side by side
| BF.B (Brown–Forman) | GWRE (Guidewire Software, Inc.) | |
|---|---|---|
| 1-year return | -7.4% | -7.1% |
| 5-year return | -56.8% | +68.2% |
| Volatility (ann.) | 34.0% | 45.6% |
| Beta vs S&P 500 | 0.51 | 0.83 |
| Max drawdown (3Y) | -64.8% | -60.8% |
| Market cap | $12.5B | $16.7B |
| P/E (trailing) | 18.3 | 103.1 |
| Dividend yield | 3.26% | 0.00% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BF.B | GWRE |
|---|---|---|
| 2022 | -8.9% | -44.9% |
| 2023 | -11.9% | +74.3% |
| 2024 | -32.2% | +54.6% |
| 2025 | -29.3% | +19.2% |
| 2026 | +6.6% | +0.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BF.B and GWRE good diversifiers for each other?
Yes. With a correlation of -0.25, BF.B and GWRE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BF.B and GWRE?
The BF.B/GWRE correlation stands at -0.25 on a 3-year window (1 year: -0.31, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is GWRE a good diversifier for BF.B?
Yes. With a correlation of -0.25, BF.B and GWRE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.25 mean?
A reading of -0.25 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-gwre.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bf-b-vs-gwre/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BF.B correlations · GWRE correlations
