AMT vs BCE: Correlation
American Tower (AMT) and BCE, Inc. (BCE) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMT and BCE?
Across a 3-year window, the weekly returns of AMT and BCE correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. Stretching to 5 years gives 0.48, with an annualized covariance of 241.9 %².
Among the 30 assets we track against AMT, BCE ranks #17 by 3-year correlation. Over the last 12 months BCE came out ahead by 9.6 percentage points (-11.0% against -1.4%).
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.
AMT vs BCE: side by side
| AMT (American Tower) | BCE (BCE, Inc.) | |
|---|---|---|
| 1-year return | -11.0% | -1.4% |
| 5-year return | -30.2% | -36.8% |
| Volatility (ann.) | 27.1% | 21.5% |
| Beta vs S&P 500 | 0.18 | -0.06 |
| Max drawdown (3Y) | -28.4% | -43.5% |
| Market cap | $81.2B | $21.8B |
| P/E (trailing) | 24.2 | 4.8 |
| Dividend yield | 3.97% | 7.45% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | AMT | BCE |
|---|---|---|
| 2022 | -25.7% | -10.6% |
| 2023 | +5.4% | -4.2% |
| 2024 | -12.2% | -35.5% |
| 2025 | -0.9% | +10.2% |
| 2026 | +1.1% | +0.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMT and BCE good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMT and BCE?
The AMT/BCE correlation stands at 0.41 on a 3-year window (1 year: 0.41, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is BCE a good diversifier for AMT?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 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/amt-vs-bce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amt-vs-bce/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMT correlations · BCE correlations
