BF.B vs MGPI: Correlation
How closely do Brown–Forman (BF.B) and MGP Ingredients, Inc. (MGPI) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BF.B and MGPI?
Across a 3-year window, the weekly returns of BF.B and MGPI correlate at 0.45, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 619.2 %².
Within BF.B's tracked universe of 36 assets, MGPI comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BF.B outperformed by 36.6 percentage points (-7.4% for BF.B against -44.0% for MGPI).
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 MGPI: side by side
| BF.B (Brown–Forman) | MGPI (MGP Ingredients, Inc.) | |
|---|---|---|
| 1-year return | -7.4% | -44.0% |
| 5-year return | -56.8% | -73.6% |
| Volatility (ann.) | 34.0% | 40.4% |
| Beta vs S&P 500 | 0.51 | 0.75 |
| Max drawdown (3Y) | -64.8% | -86.5% |
| Market cap | $12.5B | $0.3B |
| P/E (trailing) | 18.3 | – |
| Dividend yield | 3.26% | 2.75% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BF.B | MGPI |
|---|---|---|
| 2022 | -8.9% | +25.8% |
| 2023 | -11.9% | -7.0% |
| 2024 | -32.2% | -59.8% |
| 2025 | -29.3% | -37.3% |
| 2026 | +6.6% | -31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BF.B and MGPI good diversifiers for each other?
A fair diversifier. At 0.45, 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 MGPI?
The BF.B/MGPI correlation stands at 0.45 on a 3-year window (1 year: 0.48, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is MGPI a good diversifier for BF.B?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 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-mgpi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bf-b-vs-mgpi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BF.B correlations · MGPI correlations
