BCE vs MEGI: Correlation
How closely do BCE, Inc. (BCE) and NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCE and MEGI?
Over the past 3 years, BCE and MEGI moved with a correlation of 0.41, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.41 over 3 years. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 169.4 %².
Within BCE's tracked universe of 27 assets, MEGI comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MEGI outperformed by 16.1 percentage points (-1.4% for BCE against +14.7% for MEGI).
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 MEGI: side by side
| BCE (BCE, Inc.) | MEGI (NYLI CBRE Global Infrastructure Megatrends Term Fund) | |
|---|---|---|
| 1-year return | -1.4% | +14.7% |
| 5-year return | -36.8% | +20.7% |
| Volatility (ann.) | 21.5% | 19.4% |
| Beta vs S&P 500 | -0.06 | 0.49 |
| Max drawdown (3Y) | -43.5% | -17.4% |
| Market cap | $21.8B | $0.8B |
| P/E (trailing) | 4.8 | 4.9 |
| Dividend yield | 7.45% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCE | MEGI |
|---|---|---|
| 2022 | -10.6% | -23.3% |
| 2023 | -4.2% | +5.5% |
| 2024 | -35.5% | +5.2% |
| 2025 | +10.2% | +26.2% |
| 2026 | +0.8% | +16.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCE and MEGI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BCE and MEGI?
The BCE/MEGI correlation stands at 0.41 on a 3-year window (1 year: 0.21, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is MEGI a good diversifier for BCE?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bce-vs-megi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bce-vs-megi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCE correlations · MEGI correlations
