BCE vs NNN: Correlation
How closely do BCE, Inc. (BCE) and NNN REIT, Inc. (NNN) 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 NNN?
Over the past 3 years, BCE and NNN moved with a correlation of 0.41, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.08 versus 0.41 over 3 years. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 165.9 %².
Within BCE's tracked universe of 27 assets, NNN comes in at #6 by 3-year correlation. On 12-month performance NNN holds a 14.5-point edge, -1.4% against +13.1%.
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 NNN: side by side
| BCE (BCE, Inc.) | NNN (NNN REIT, Inc.) | |
|---|---|---|
| 1-year return | -1.4% | +13.1% |
| 5-year return | -36.8% | +25.1% |
| Volatility (ann.) | 21.5% | 18.8% |
| Beta vs S&P 500 | -0.06 | 0.31 |
| Max drawdown (3Y) | -43.5% | -22.0% |
| Market cap | $21.8B | $8.6B |
| P/E (trailing) | 4.8 | 22.3 |
| Dividend yield | 7.45% | 5.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCE | NNN |
|---|---|---|
| 2022 | -10.6% | -0.0% |
| 2023 | -4.2% | -0.6% |
| 2024 | -35.5% | -0.1% |
| 2025 | +10.2% | +2.8% |
| 2026 | +0.8% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCE and NNN 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 NNN?
As of 2026-08-27, the correlation of weekly returns between BCE and NNN is 0.41 over 3 years, 0.08 over 1 year and 0.47 over 5 years.
Is NNN 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?
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/bce-vs-nnn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bce-vs-nnn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCE correlations · NNN correlations
