BCPC vs ERIE: Correlation
Measured on weekly returns over the past three years, Balchem Corporation (BCPC) and Erie Indemnity (ERIE) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCPC and ERIE?
On 3 years of weekly data the BCPC/ERIE correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 290.3 %².
By 3-year correlation, ERIE places #7 of the 14 assets tracked against BCPC. Correlation aside, the last 12 months split them widely, with BCPC ahead by 34.1 points (+9.6% versus -24.5%).
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.
BCPC vs ERIE: side by side
| BCPC (Balchem Corporation) | ERIE (Erie Indemnity) | |
|---|---|---|
| 1-year return | +9.6% | -24.5% |
| 5-year return | +31.0% | +61.3% |
| Volatility (ann.) | 22.7% | 30.3% |
| Beta vs S&P 500 | 0.57 | 0.37 |
| Max drawdown (3Y) | -23.1% | -60.9% |
| Market cap | $5.7B | $13.6B |
| P/E (trailing) | 35.4 | 23.4 |
| Dividend yield | 0.53% | 2.24% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BCPC | ERIE |
|---|---|---|
| 2022 | -27.1% | +32.0% |
| 2023 | +22.5% | +37.3% |
| 2024 | +10.2% | +24.7% |
| 2025 | -5.3% | -29.4% |
| 2026 | +16.0% | -8.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCPC and ERIE good diversifiers for each other?
Reasonably. At 0.42, BCPC and ERIE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BCPC and ERIE?
As of 2026-08-27, the correlation of weekly returns between BCPC and ERIE is 0.42 over 3 years, 0.41 over 1 year and 0.38 over 5 years.
Is ERIE a good diversifier for BCPC?
Reasonably. At 0.42, BCPC and ERIE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/bcpc-vs-erie.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcpc-vs-erie/)
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Related comparisons
Hubs: BCPC correlations · ERIE correlations
