BCPC vs STE: Correlation
How closely do Balchem Corporation (BCPC) and Steris (STE) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCPC and STE?
On 3 years of weekly data the BCPC/STE correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 218.6 %².
By 3-year correlation, STE places #6 of the 14 assets tracked against BCPC. The last year tells two different stories: BCPC led by 15.3 percentage points, +9.6% for BCPC against -5.7% for STE.
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 STE: side by side
| BCPC (Balchem Corporation) | STE (Steris) | |
|---|---|---|
| 1-year return | +9.6% | -5.7% |
| 5-year return | +31.0% | +13.6% |
| Volatility (ann.) | 22.7% | 22.3% |
| Beta vs S&P 500 | 0.57 | 0.43 |
| Max drawdown (3Y) | -23.1% | -25.4% |
| Market cap | $5.7B | $22.7B |
| P/E (trailing) | 35.4 | 28.5 |
| Dividend yield | 0.53% | 1.06% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BCPC | STE |
|---|---|---|
| 2022 | -27.1% | -23.4% |
| 2023 | +22.5% | +20.2% |
| 2024 | +10.2% | -5.6% |
| 2025 | -5.3% | +24.3% |
| 2026 | +16.0% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCPC and STE good diversifiers for each other?
Reasonably. At 0.43, BCPC and STE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BCPC and STE?
As of 2026-08-27, the correlation of weekly returns between BCPC and STE is 0.43 over 3 years, 0.33 over 1 year and 0.48 over 5 years.
Is STE a good diversifier for BCPC?
Reasonably. At 0.43, BCPC and STE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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-ste.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcpc-vs-ste/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCPC correlations · STE correlations
