DOO vs JOUT: Correlation
How closely do BRP Inc. - Common Subordinate Voting Shares (DOO) and Johnson Outdoors Inc. (JOUT) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOO and JOUT?
On 3 years of weekly data the DOO/JOUT correlation comes out at 0.42, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.42 over 3. The 5-year figure is 0.45, and annualized covariance runs at 604.0 %².
Within DOO's tracked universe of 11 assets, JOUT comes in at #4 by 3-year correlation. Twelve-month performance is nearly a tie, at +10.0% for DOO and +14.5% for JOUT.
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.
DOO vs JOUT: side by side
| DOO (BRP Inc. - Common Subordinate Voting Shares) | JOUT (Johnson Outdoors Inc.) | |
|---|---|---|
| 1-year return | +10.0% | +14.5% |
| 5-year return | -24.2% | -55.0% |
| Volatility (ann.) | 41.6% | 34.4% |
| Beta vs S&P 500 | 0.66 | 0.57 |
| Max drawdown (3Y) | -58.9% | -59.4% |
| Market cap | $4.6B | $0.5B |
| P/E (trailing) | 20.0 | – |
| Dividend yield | 1.49% | 2.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOO | JOUT |
|---|---|---|
| 2022 | -12.3% | -28.1% |
| 2023 | -5.4% | -17.5% |
| 2024 | -28.3% | -36.1% |
| 2025 | +40.8% | +34.1% |
| 2026 | -11.8% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOO and JOUT good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DOO and JOUT?
As of 2026-08-27, the correlation of weekly returns between DOO and JOUT is 0.42 over 3 years, 0.34 over 1 year and 0.45 over 5 years.
Is JOUT a good diversifier for DOO?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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/doo-vs-jout.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/doo-vs-jout/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DOO correlations · JOUT correlations
