BOOM vs FOXF: Correlation
Measured on weekly returns over the past three years, DMC Global Inc. (BOOM) and Fox Factory Holding Corp. (FOXF) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOOM and FOXF?
Across a 3-year window, the weekly returns of BOOM and FOXF correlate at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 1429.1 %².
Few assets follow BOOM as closely as FOXF, which ranks #1 of 10 tracked partners. The last year tells two different stories: BOOM led by 35.7 percentage points, +6.7% for BOOM against -29.0% for FOXF.
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.
BOOM vs FOXF: side by side
| BOOM (DMC Global Inc.) | FOXF (Fox Factory Holding Corp.) | |
|---|---|---|
| 1-year return | +6.7% | -29.0% |
| 5-year return | -82.6% | -86.3% |
| Volatility (ann.) | 60.2% | 52.1% |
| Beta vs S&P 500 | 1.12 | 1.04 |
| Max drawdown (3Y) | -82.3% | -88.1% |
| Market cap | $0.1B | $0.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOOM | FOXF |
|---|---|---|
| 2022 | -50.9% | -46.4% |
| 2023 | -3.2% | -26.0% |
| 2024 | -60.9% | -55.1% |
| 2025 | -9.0% | -43.5% |
| 2026 | +4.5% | +23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOOM and FOXF good diversifiers for each other?
Reasonably. At 0.46, BOOM and FOXF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BOOM and FOXF?
As of 2026-08-27, the correlation of weekly returns between BOOM and FOXF is 0.46 over 3 years, 0.52 over 1 year and 0.42 over 5 years.
Is FOXF a good diversifier for BOOM?
Reasonably. At 0.46, BOOM and FOXF 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/boom-vs-foxf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/boom-vs-foxf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BOOM correlations · FOXF correlations
