BMI vs WINA: Correlation
Measured on weekly returns over the past three years, Badger Meter, Inc. (BMI) and Winmark Corporation (WINA) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMI and WINA?
Across a 3-year window, the weekly returns of BMI and WINA correlate at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 536.5 %².
Within BMI's tracked universe of 15 assets, WINA comes in at #6 by 3-year correlation. Their 12-month results are close: -26.1% for BMI against -24.3% for WINA.
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.
BMI vs WINA: side by side
| BMI (Badger Meter, Inc.) | WINA (Winmark Corporation) | |
|---|---|---|
| 1-year return | -26.1% | -24.3% |
| 5-year return | +33.9% | +89.5% |
| Volatility (ann.) | 35.9% | 35.4% |
| Beta vs S&P 500 | 0.62 | 0.47 |
| Max drawdown (3Y) | -55.1% | -34.0% |
| Market cap | $4.0B | $1.2B |
| P/E (trailing) | 32.1 | 30.4 |
| Dividend yield | 1.17% | 1.13% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMI | WINA |
|---|---|---|
| 2022 | +3.2% | -2.8% |
| 2023 | +42.6% | +82.6% |
| 2024 | +38.3% | -3.3% |
| 2025 | -17.2% | +6.4% |
| 2026 | -20.3% | -16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMI and WINA good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BMI and WINA?
The BMI/WINA correlation stands at 0.42 on a 3-year window (1 year: 0.51, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is WINA a good diversifier for BMI?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/bmi-vs-wina.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bmi-vs-wina/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BMI correlations · WINA correlations
