BF.B vs MXC: Correlation
Measured on weekly returns over the past three years, Brown–Forman (BF.B) and Mexco Energy Corporation (MXC) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BF.B and MXC?
Over the past 3 years, BF.B and MXC moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.23 over 3 years. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -486.1 %².
Out of 36 assets tracked against BF.B, MXC lands near the bottom at #33. Correlation aside, the last 12 months split them widely, with MXC ahead by 29.0 points (-7.4% versus +21.6%). Risk is not evenly split, since MXC carries 1.8 times the volatility of the other side.
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 MXC: side by side
| BF.B (Brown–Forman) | MXC (Mexco Energy Corporation) | |
|---|---|---|
| 1-year return | -7.4% | +21.6% |
| 5-year return | -56.8% | +7.2% |
| Volatility (ann.) | 34.0% | 62.1% |
| Beta vs S&P 500 | 0.51 | -0.31 |
| Max drawdown (3Y) | -64.8% | -60.6% |
| Market cap | $12.5B | – |
| P/E (trailing) | 18.3 | 13.0 |
| Dividend yield | 3.26% | 1.02% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BF.B | MXC |
|---|---|---|
| 2022 | -8.9% | +33.0% |
| 2023 | -11.9% | -26.2% |
| 2024 | -32.2% | +24.6% |
| 2025 | -29.3% | -10.8% |
| 2026 | +6.6% | -0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BF.B and MXC good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between BF.B and MXC?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.34 over the last year and -0.04 over 5 years.
Is MXC a good diversifier for BF.B?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 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-mxc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bf-b-vs-mxc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BF.B correlations · MXC correlations
