BCE vs FIX: Correlation
Measured on weekly returns over the past three years, BCE, Inc. (BCE) and Comfort Systems USA (FIX) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCE and FIX?
On 3 years of weekly data the BCE/FIX correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.21 over 3. The 5-year figure is -0.06, and annualized covariance runs at -210.1 %².
By 3-year correlation, FIX places #20 of the 27 assets tracked against BCE. Their recent paths diverged sharply: over the last 12 months FIX outperformed by 129.4 percentage points (-1.4% for BCE against +128.0% for FIX). Note the risk asymmetry: FIX runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BCE vs FIX: side by side
| BCE (BCE, Inc.) | FIX (Comfort Systems USA) | |
|---|---|---|
| 1-year return | -1.4% | +128.0% |
| 5-year return | -36.8% | +2077.9% |
| Volatility (ann.) | 21.5% | 47.4% |
| Beta vs S&P 500 | -0.06 | 1.74 |
| Max drawdown (3Y) | -43.5% | -46.0% |
| Market cap | $21.8B | $56.8B |
| P/E (trailing) | 4.8 | 39.8 |
| Dividend yield | 7.45% | 0.16% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BCE | FIX |
|---|---|---|
| 2022 | -10.6% | +17.0% |
| 2023 | -4.2% | +79.6% |
| 2024 | -35.5% | +106.9% |
| 2025 | +10.2% | +120.9% |
| 2026 | +0.8% | +73.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCE and FIX good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BCE and FIX?
As of 2026-08-27, the correlation of weekly returns between BCE and FIX is -0.21 over 3 years, -0.12 over 1 year and -0.06 over 5 years.
Is FIX a good diversifier for BCE?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
A reading of -0.21 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/bce-vs-fix.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bce-vs-fix/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCE correlations · FIX correlations
