GOLF vs VCEL: Correlation
How closely do Acushnet Holdings Corp. (GOLF) and Vericel Corporation (VCEL) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOLF and VCEL?
On 3 years of weekly data the GOLF/VCEL correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 633.0 %².
Among the 13 assets we track against GOLF, VCEL ranks #7 by 3-year correlation. Their 12-month results are close: +10.1% for GOLF against +14.7% for VCEL.
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.
GOLF vs VCEL: side by side
| GOLF (Acushnet Holdings Corp.) | VCEL (Vericel Corporation) | |
|---|---|---|
| 1-year return | +10.1% | +14.7% |
| 5-year return | +77.9% | -26.0% |
| Volatility (ann.) | 29.1% | 41.9% |
| Beta vs S&P 500 | 0.77 | 1.00 |
| Max drawdown (3Y) | -28.3% | -52.5% |
| Market cap | $5.0B | $2.1B |
| P/E (trailing) | 23.6 | 87.6 |
| Dividend yield | 1.13% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GOLF | VCEL |
|---|---|---|
| 2022 | -18.7% | -33.0% |
| 2023 | +51.0% | +35.2% |
| 2024 | +14.0% | +54.2% |
| 2025 | +13.7% | -34.4% |
| 2026 | +7.0% | +14.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOLF and VCEL good diversifiers for each other?
Only partially. A correlation of 0.52 means GOLF and VCEL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GOLF and VCEL?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.52 over the last year and 0.43 over 5 years.
Is VCEL a good diversifier for GOLF?
Only partially. A correlation of 0.52 means GOLF and VCEL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/golf-vs-vcel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/golf-vs-vcel/)
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Related comparisons
Hubs: GOLF correlations · VCEL correlations
