BCPC vs FELE: Correlation
How closely do Balchem Corporation (BCPC) and Franklin Electric Co., Inc. (FELE) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCPC and FELE?
Across a 3-year window, the weekly returns of BCPC and FELE correlate at 0.57, moderate. Recent behaviour matches the longer record: 0.63 over 1 year against 0.57 over 3. Stretching to 5 years gives 0.58, with an annualized covariance of 292.9 %².
Within BCPC's tracked universe of 14 assets, FELE comes in at #5 by 3-year correlation. The trailing year gives BCPC the advantage: +9.6% versus +3.8%, a 5.8-point spread.
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 FELE: side by side
| BCPC (Balchem Corporation) | FELE (Franklin Electric Co., Inc.) | |
|---|---|---|
| 1-year return | +9.6% | +3.8% |
| 5-year return | +31.0% | +25.2% |
| Volatility (ann.) | 22.7% | 22.7% |
| Beta vs S&P 500 | 0.57 | 0.79 |
| Max drawdown (3Y) | -23.1% | -23.5% |
| Market cap | $5.7B | $4.5B |
| P/E (trailing) | 35.4 | 29.4 |
| Dividend yield | 0.53% | 1.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCPC | FELE |
|---|---|---|
| 2022 | -27.1% | -14.9% |
| 2023 | +22.5% | +22.4% |
| 2024 | +10.2% | +1.8% |
| 2025 | -5.3% | -0.9% |
| 2026 | +16.0% | +7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCPC and FELE good diversifiers for each other?
To a limited degree. At 0.57 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 BCPC and FELE?
As of 2026-08-27, the correlation of weekly returns between BCPC and FELE is 0.57 over 3 years, 0.63 over 1 year and 0.58 over 5 years.
Is FELE a good diversifier for BCPC?
To a limited degree. At 0.57 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 0.57 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/bcpc-vs-fele.json
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Related comparisons
Hubs: BCPC correlations · FELE correlations
