BF.B vs MT: Correlation
How closely do Brown–Forman (BF.B) and Arcelor Mittal NY Registry Shares NEW (MT) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BF.B and MT?
On 3 years of weekly data the BF.B/MT correlation comes out at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.34, and annualized covariance runs at 584.3 %².
Among the 36 assets we track against BF.B, MT ranks #9 by 3-year correlation. The last year tells two different stories: MT led by 137.6 percentage points, -7.4% for BF.B against +130.2% for MT.
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 MT: side by side
| BF.B (Brown–Forman) | MT (Arcelor Mittal NY Registry Shares NEW) | |
|---|---|---|
| 1-year return | -7.4% | +130.2% |
| 5-year return | -56.8% | +134.6% |
| Volatility (ann.) | 34.0% | 37.2% |
| Beta vs S&P 500 | 0.51 | 1.19 |
| Max drawdown (3Y) | -64.8% | -30.8% |
| Market cap | $12.5B | $56.3B |
| P/E (trailing) | 18.3 | 31.4 |
| Dividend yield | 3.26% | 0.81% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BF.B | MT |
|---|---|---|
| 2022 | -8.9% | -16.4% |
| 2023 | -11.9% | +10.3% |
| 2024 | -32.2% | -16.9% |
| 2025 | -29.3% | +100.1% |
| 2026 | +6.6% | +64.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BF.B and MT good diversifiers for each other?
Reasonably. At 0.46, BF.B and MT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BF.B and MT?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.51 over the last year and 0.34 over 5 years.
Is MT a good diversifier for BF.B?
Reasonably. At 0.46, BF.B and MT 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-mt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bf-b-vs-mt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BF.B correlations · MT correlations
