BCE vs WLYB: Correlation
Measured on weekly returns over the past three years, BCE, Inc. (BCE) and John Wiley & Sons, Inc. (WLYB) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCE and WLYB?
Across a 3-year window, the weekly returns of BCE and WLYB correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.36) runs below the 3-year figure (-0.23). Stretching to 5 years gives -0.06, with an annualized covariance of -181.0 %².
Out of 27 assets tracked against BCE, WLYB lands near the bottom at #23. The last year tells two different stories: WLYB led by 42.3 percentage points, -1.4% for BCE against +40.9% for WLYB. One caveat on sizing: WLYB is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 WLYB: side by side
| BCE (BCE, Inc.) | WLYB (John Wiley & Sons, Inc.) | |
|---|---|---|
| 1-year return | -1.4% | +40.9% |
| 5-year return | -36.8% | +10.5% |
| Volatility (ann.) | 21.5% | 37.4% |
| Beta vs S&P 500 | -0.06 | 0.31 |
| Max drawdown (3Y) | -43.5% | -41.5% |
| Market cap | $21.8B | $2.8B |
| P/E (trailing) | 4.8 | 13.0 |
| Dividend yield | 7.45% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCE | WLYB |
|---|---|---|
| 2022 | -10.6% | -27.5% |
| 2023 | -4.2% | -14.7% |
| 2024 | -35.5% | +41.5% |
| 2025 | +10.2% | -27.3% |
| 2026 | +0.8% | +78.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCE and WLYB good diversifiers for each other?
Yes. With a correlation of -0.23, BCE and WLYB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BCE and WLYB?
As of 2026-08-27, the correlation of weekly returns between BCE and WLYB is -0.23 over 3 years, -0.36 over 1 year and -0.06 over 5 years.
Is WLYB a good diversifier for BCE?
Yes. With a correlation of -0.23, BCE and WLYB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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.
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Related comparisons
Hubs: BCE correlations · WLYB correlations
