BFS vs PKG: Correlation
How closely do Saul Centers, Inc. (BFS) and Packaging Corporation of America (PKG) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFS and PKG?
Over the past 3 years, BFS and PKG moved with a correlation of 0.56, which is moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 274.1 %².
Among the 17 assets we track against BFS, PKG ranks #10 by 3-year correlation. On 12-month performance PKG holds a 12.8-point edge, +5.7% against +18.5%.
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.
BFS vs PKG: side by side
| BFS (Saul Centers, Inc.) | PKG (Packaging Corporation of America) | |
|---|---|---|
| 1-year return | +5.7% | +18.5% |
| 5-year return | -2.0% | +86.8% |
| Volatility (ann.) | 20.9% | 23.5% |
| Beta vs S&P 500 | 0.41 | 0.52 |
| Max drawdown (3Y) | -24.1% | -28.4% |
| Market cap | $1.2B | $21.7B |
| P/E (trailing) | 34.8 | 31.6 |
| Dividend yield | 7.01% | 2.13% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | BFS | PKG |
|---|---|---|
| 2022 | -19.4% | -2.6% |
| 2023 | +2.6% | +31.9% |
| 2024 | +5.0% | +41.7% |
| 2025 | -12.8% | -6.1% |
| 2026 | +11.8% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFS and PKG good diversifiers for each other?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BFS and PKG?
As of 2026-08-27, the correlation of weekly returns between BFS and PKG is 0.56 over 3 years, 0.56 over 1 year and 0.50 over 5 years.
Is PKG a good diversifier for BFS?
To a limited degree. At 0.56 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.56 mean?
A reading of 0.56 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/bfs-vs-pkg.json
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Related comparisons
Hubs: BFS correlations · PKG correlations
