AME vs BCE: Correlation
Ametek (AME) and BCE, Inc. (BCE) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AME and BCE?
Across a 3-year window, the weekly returns of AME and BCE correlate at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.17) sits close to the 3-year figure. Stretching to 5 years gives 0.06, with an annualized covariance of -76.1 %².
Within AME's tracked universe of 31 assets, BCE comes in at #22 by 3-year correlation. The last year tells two different stories: AME led by 32.8 percentage points, +31.4% for AME against -1.4% for BCE.
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.
AME vs BCE: side by side
| AME (Ametek) | BCE (BCE, Inc.) | |
|---|---|---|
| 1-year return | +31.4% | -1.4% |
| 5-year return | +83.6% | -36.8% |
| Volatility (ann.) | 20.4% | 21.5% |
| Beta vs S&P 500 | 0.84 | -0.06 |
| Max drawdown (3Y) | -23.0% | -43.5% |
| Market cap | $55.9B | $21.8B |
| P/E (trailing) | 35.8 | 4.8 |
| Dividend yield | 0.53% | 7.45% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AME | BCE |
|---|---|---|
| 2022 | -4.3% | -10.6% |
| 2023 | +18.8% | -4.2% |
| 2024 | +10.0% | -35.5% |
| 2025 | +14.7% | +10.2% |
| 2026 | +19.1% | +0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AME and BCE good diversifiers for each other?
Yes. With a correlation of -0.17, AME and BCE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AME and BCE?
The AME/BCE correlation stands at -0.17 on a 3-year window (1 year: -0.17, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is BCE a good diversifier for AME?
Yes. With a correlation of -0.17, AME and BCE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
A reading of -0.17 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/ame-vs-bce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ame-vs-bce/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AME correlations · BCE correlations
