BUD vs CELC: Correlation
Anheuser-Busch Inbev SA Sponsored ADR (Belgium) (BUD) and Celcuity Inc. (CELC) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUD and CELC?
Over the past 3 years, BUD and CELC moved with a correlation of -0.31, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.09) than the 3-year average (-0.31). Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -1038.7 %².
CELC is close to the least connected end of BUD's tracked universe, ranking #14 of 15. Their recent paths diverged sharply: over the last 12 months CELC outperformed by 58.8 percentage points (+27.8% for BUD against +86.6% for CELC). Note the risk asymmetry: CELC runs 4.7 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.
BUD vs CELC: side by side
| BUD (Anheuser-Busch Inbev SA Sponsored ADR (Belgium)) | CELC (Celcuity Inc.) | |
|---|---|---|
| 1-year return | +27.8% | +86.6% |
| 5-year return | +39.0% | +324.8% |
| Volatility (ann.) | 26.7% | 124.5% |
| Beta vs S&P 500 | 0.38 | 0.76 |
| Max drawdown (3Y) | -31.5% | -62.0% |
| Market cap | $155.8B | $4.6B |
| P/E (trailing) | 16.9 | – |
| Dividend yield | 1.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUD | CELC |
|---|---|---|
| 2022 | +0.1% | +6.2% |
| 2023 | +9.0% | +4.0% |
| 2024 | -21.4% | -10.2% |
| 2025 | +30.1% | +662.0% |
| 2026 | +25.4% | -6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUD and CELC good diversifiers for each other?
Yes. With a correlation of -0.31, BUD and CELC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BUD and CELC?
The BUD/CELC correlation stands at -0.31 on a 3-year window (1 year: 0.09, 5 years: -0.21), computed from weekly returns as of 2026-08-27.
Is CELC a good diversifier for BUD?
Yes. With a correlation of -0.31, BUD and CELC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 mean?
On the −1 to +1 scale, -0.31 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bud-vs-celc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bud-vs-celc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BUD correlations · CELC correlations
