BCE vs VZ: Correlation
How closely do BCE, Inc. (BCE) and Verizon (VZ) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCE and VZ?
Over the past 3 years, BCE and VZ moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 189.7 %².
By 3-year correlation, VZ places #7 of the 27 assets tracked against BCE. Correlation aside, the last 12 months split them widely, with VZ ahead by 20.7 points (-1.4% versus +19.3%).
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 VZ: side by side
| BCE (BCE, Inc.) | VZ (Verizon) | |
|---|---|---|
| 1-year return | -1.4% | +19.3% |
| 5-year return | -36.8% | +23.8% |
| Volatility (ann.) | 21.5% | 22.9% |
| Beta vs S&P 500 | -0.06 | 0.15 |
| Max drawdown (3Y) | -43.5% | -17.0% |
| Market cap | $21.8B | $205.4B |
| P/E (trailing) | 4.8 | 12.9 |
| Dividend yield | 7.45% | 5.57% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | BCE | VZ |
|---|---|---|
| 2022 | -10.6% | -20.0% |
| 2023 | -4.2% | +2.7% |
| 2024 | -35.5% | +13.1% |
| 2025 | +10.2% | +8.9% |
| 2026 | +0.8% | +27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCE and VZ good diversifiers for each other?
Reasonably. At 0.39, BCE and VZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BCE and VZ?
The BCE/VZ correlation stands at 0.39 on a 3-year window (1 year: 0.40, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is VZ a good diversifier for BCE?
Reasonably. At 0.39, BCE and VZ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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-vz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bce-vs-vz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCE correlations · VZ correlations
