BCE vs TU: Correlation
Measured on weekly returns over the past three years, BCE, Inc. (BCE) and Telus Corporation (TU) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCE and TU?
On 3 years of weekly data the BCE/TU correlation comes out at 0.62, strong. Lately the two have drifted apart, with the 1-year correlation at 0.48 versus 0.62 over 3 years. The 5-year figure is 0.69, and annualized covariance runs at 268.9 %².
Few assets follow BCE as closely as TU, which ranks #2 of 27 tracked partners. Their recent paths diverged sharply: over the last 12 months BCE outperformed by 36.6 percentage points (-1.4% for BCE against -38.0% for TU).
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 TU: side by side
| BCE (BCE, Inc.) | TU (Telus Corporation) | |
|---|---|---|
| 1-year return | -1.4% | -38.0% |
| 5-year return | -36.8% | -44.5% |
| Volatility (ann.) | 21.5% | 20.3% |
| Beta vs S&P 500 | -0.06 | 0.21 |
| Max drawdown (3Y) | -43.5% | -40.6% |
| Market cap | $21.8B | $15.4B |
| P/E (trailing) | 4.8 | – |
| Dividend yield | 7.45% | 17.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCE | TU |
|---|---|---|
| 2022 | -10.6% | -14.3% |
| 2023 | -4.2% | -2.4% |
| 2024 | -35.5% | -18.4% |
| 2025 | +10.2% | +0.7% |
| 2026 | +0.8% | -22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCE and TU good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BCE and TU?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.48 over the last year and 0.69 over 5 years.
Is TU a good diversifier for BCE?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.62 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-tu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bce-vs-tu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCE correlations · TU correlations
