A vs BRKR: Correlation
Measured on weekly returns over the past three years, Agilent Technologies (A) and Bruker Corporation (BRKR) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are A and BRKR?
On 3 years of weekly data the A/BRKR correlation comes out at 0.68, strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. The 5-year figure is 0.67, and annualized covariance runs at 1038.1 %².
Within A's tracked universe of 33 assets, BRKR comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BRKR outperformed by 43.4 percentage points (+33.9% for A against +77.3% for BRKR). One caveat on sizing: BRKR is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
A vs BRKR: side by side
| A (Agilent Technologies) | BRKR (Bruker Corporation) | |
|---|---|---|
| 1-year return | +33.9% | +77.3% |
| 5-year return | -7.5% | -32.8% |
| Volatility (ann.) | 31.0% | 49.5% |
| Beta vs S&P 500 | 0.98 | 1.17 |
| Max drawdown (3Y) | -35.3% | -68.7% |
| Market cap | $44.5B | $9.0B |
| P/E (trailing) | 30.6 | – |
| Dividend yield | 0.00% | 0.35% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | A | BRKR |
|---|---|---|
| 2022 | -5.5% | -18.3% |
| 2023 | -6.4% | +7.8% |
| 2024 | -2.7% | -20.0% |
| 2025 | +1.9% | -19.2% |
| 2026 | +16.6% | +26.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are A and BRKR good diversifiers for each other?
Only partially. A correlation of 0.68 means A and BRKR 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 A and BRKR?
As of 2026-08-27, the correlation of weekly returns between A and BRKR is 0.68 over 3 years, 0.68 over 1 year and 0.67 over 5 years.
Is BRKR a good diversifier for A?
Only partially. A correlation of 0.68 means A and BRKR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 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.
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Related comparisons
Hubs: A correlations · BRKR correlations
