BCE vs RJF: Correlation
BCE, Inc. (BCE) and Raymond James Financial (RJF) 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 BCE and RJF?
Over the past 3 years, BCE and RJF moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.32 versus -0.17 over 3 years. Over 5 years the correlation is 0.04, and the annualized covariance of weekly returns is -93.2 %².
Within BCE's tracked universe of 27 assets, RJF comes in at #14 by 3-year correlation. On 12-month performance RJF holds a 7.7-point edge, -1.4% against +6.3%.
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 RJF: side by side
| BCE (BCE, Inc.) | RJF (Raymond James Financial) | |
|---|---|---|
| 1-year return | -1.4% | +6.3% |
| 5-year return | -36.8% | +102.1% |
| Volatility (ann.) | 21.5% | 24.8% |
| Beta vs S&P 500 | -0.06 | 1.03 |
| Max drawdown (3Y) | -43.5% | -28.1% |
| Market cap | $21.8B | $33.8B |
| P/E (trailing) | 4.8 | 15.4 |
| Dividend yield | 7.45% | 1.20% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BCE | RJF |
|---|---|---|
| 2022 | -10.6% | +8.3% |
| 2023 | -4.2% | +6.1% |
| 2024 | -35.5% | +40.8% |
| 2025 | +10.2% | +4.7% |
| 2026 | +0.8% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCE and RJF good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BCE and RJF?
As of 2026-08-27, the correlation of weekly returns between BCE and RJF is -0.17 over 3 years, -0.32 over 1 year and 0.04 over 5 years.
Is RJF a good diversifier for BCE?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 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-rjf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bce-vs-rjf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCE correlations · RJF correlations
