JOUT vs MBUU: Correlation
Measured on weekly returns over the past three years, Johnson Outdoors Inc. (JOUT) and Malibu Boats, Inc. (MBUU) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JOUT and MBUU?
Across a 3-year window, the weekly returns of JOUT and MBUU correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.50 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 736.8 %².
MBUU is one of the assets that tracks JOUT most closely: it ranks #3 out of the 12 assets we track against JOUT. The last year tells two different stories: JOUT led by 41.6 percentage points, +14.5% for JOUT against -27.1% for MBUU.
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.
JOUT vs MBUU: side by side
| JOUT (Johnson Outdoors Inc.) | MBUU (Malibu Boats, Inc.) | |
|---|---|---|
| 1-year return | +14.5% | -27.1% |
| 5-year return | -55.0% | -62.1% |
| Volatility (ann.) | 34.4% | 42.9% |
| Beta vs S&P 500 | 0.57 | 0.96 |
| Max drawdown (3Y) | -59.4% | -57.0% |
| Market cap | $0.5B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 2.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JOUT | MBUU |
|---|---|---|
| 2022 | -28.1% | -22.5% |
| 2023 | -17.5% | +2.9% |
| 2024 | -36.1% | -31.4% |
| 2025 | +34.1% | -25.0% |
| 2026 | +10.1% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JOUT and MBUU good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between JOUT and MBUU?
The JOUT/MBUU correlation stands at 0.50 on a 3-year window (1 year: 0.58, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is MBUU a good diversifier for JOUT?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
A reading of 0.50 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/jout-vs-mbuu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jout-vs-mbuu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JOUT correlations · MBUU correlations
