CME vs MBUU: Correlation
How closely do CME Group (CME) and Malibu Boats, Inc. (MBUU) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CME and MBUU?
Over the past 3 years, CME and MBUU moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.27 over 1 year against -0.18 over 3. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -156.0 %².
By 3-year correlation, MBUU places #23 of the 47 assets tracked against CME. Their recent paths diverged sharply: over the last 12 months CME outperformed by 35.2 percentage points (+8.1% for CME against -27.1% for MBUU). Note the risk asymmetry: MBUU 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.
CME vs MBUU: side by side
| CME (CME Group) | MBUU (Malibu Boats, Inc.) | |
|---|---|---|
| 1-year return | +8.1% | -27.1% |
| 5-year return | +73.9% | -62.1% |
| Volatility (ann.) | 20.0% | 42.9% |
| Beta vs S&P 500 | 0.12 | 0.96 |
| Max drawdown (3Y) | -31.1% | -57.0% |
| Market cap | $101.0B | $0.6B |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 1.82% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CME | MBUU |
|---|---|---|
| 2022 | -22.9% | -22.5% |
| 2023 | +31.3% | +2.9% |
| 2024 | +15.4% | -31.4% |
| 2025 | +19.8% | -25.0% |
| 2026 | +5.9% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CME and MBUU good diversifiers for each other?
Yes. With a correlation of -0.18, CME and MBUU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CME and MBUU?
As of 2026-08-27, the correlation of weekly returns between CME and MBUU is -0.18 over 3 years, -0.27 over 1 year and -0.06 over 5 years.
Is MBUU a good diversifier for CME?
Yes. With a correlation of -0.18, CME and MBUU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 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/cme-vs-mbuu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cme-vs-mbuu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CME correlations · MBUU correlations
