BTI vs CROX: Correlation
Measured on weekly returns over the past three years, British American Tobacco Industries, p.l.c. (BTI) and Crocs, Inc. (CROX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTI and CROX?
On 3 years of weekly data the BTI/CROX correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.22 over 3. The 5-year figure is -0.08, and annualized covariance runs at -231.5 %².
By 3-year correlation, CROX places #14 of the 21 assets tracked against BTI. The last year tells two different stories: CROX led by 35.7 percentage points, +4.8% for BTI against +40.5% for CROX. Note the risk asymmetry: CROX runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BTI vs CROX: side by side
| BTI (British American Tobacco Industries, p.l.c.) | CROX (Crocs, Inc.) | |
|---|---|---|
| 1-year return | +4.8% | +40.5% |
| 5-year return | +119.4% | -16.9% |
| Volatility (ann.) | 22.5% | 47.7% |
| Beta vs S&P 500 | 0.06 | 0.93 |
| Max drawdown (3Y) | -15.3% | -54.0% |
| Market cap | $121.2B | $5.8B |
| P/E (trailing) | 14.5 | 11.0 |
| Dividend yield | 4.27% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTI | CROX |
|---|---|---|
| 2022 | +15.1% | -15.4% |
| 2023 | -20.1% | -13.9% |
| 2024 | +35.4% | +17.3% |
| 2025 | +65.8% | -21.9% |
| 2026 | +2.2% | +42.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTI and CROX good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between BTI and CROX?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.12 over the last year and -0.08 over 5 years.
Is CROX a good diversifier for BTI?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 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/bti-vs-crox.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bti-vs-crox/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BTI correlations · CROX correlations
