DOO vs PII: Correlation
How closely do BRP Inc. - Common Subordinate Voting Shares (DOO) and Polaris Inc. (PII) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOO and PII?
Over the past 3 years, DOO and PII moved with a correlation of 0.45, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.45 over 3 years. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 731.2 %².
In DOO's tracked universe of 11 assets, PII sits right near the top at #2. On 12-month performance PII holds a 5.8-point edge, +10.0% against +15.8%.
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 PII: side by side
| DOO (BRP Inc. - Common Subordinate Voting Shares) | PII (Polaris Inc.) | |
|---|---|---|
| 1-year return | +10.0% | +15.8% |
| 5-year return | -24.2% | -39.0% |
| Volatility (ann.) | 41.6% | 39.0% |
| Beta vs S&P 500 | 0.66 | 1.07 |
| Max drawdown (3Y) | -58.9% | -70.4% |
| Market cap | $4.6B | $3.6B |
| P/E (trailing) | 20.0 | – |
| Dividend yield | 1.49% | 4.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DOO | PII |
|---|---|---|
| 2022 | -12.3% | -6.0% |
| 2023 | -5.4% | -3.8% |
| 2024 | -28.3% | -37.2% |
| 2025 | +40.8% | +15.9% |
| 2026 | -11.8% | +3.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOO and PII good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DOO and PII?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.32 over the last year and 0.52 over 5 years.
Is PII a good diversifier for DOO?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/doo-vs-pii.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/doo-vs-pii/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOO correlations · PII correlations
