BCPC vs WDFC: Correlation
Balchem Corporation (BCPC) and WD-40 Company (WDFC) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCPC and WDFC?
On 3 years of weekly data the BCPC/WDFC correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 255.8 %².
Among the 14 assets we track against BCPC, WDFC ranks #8 by 3-year correlation. Over the last 12 months BCPC came out ahead by 8.9 percentage points (+9.6% against +0.7%).
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 WDFC: side by side
| BCPC (Balchem Corporation) | WDFC (WD-40 Company) | |
|---|---|---|
| 1-year return | +9.6% | +0.7% |
| 5-year return | +31.0% | +0.9% |
| Volatility (ann.) | 22.7% | 27.6% |
| Beta vs S&P 500 | 0.57 | 0.18 |
| Max drawdown (3Y) | -23.1% | -34.2% |
| Market cap | $5.7B | $2.9B |
| P/E (trailing) | 35.4 | 33.3 |
| Dividend yield | 0.53% | 1.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCPC | WDFC |
|---|---|---|
| 2022 | -27.1% | -33.0% |
| 2023 | +22.5% | +50.9% |
| 2024 | +10.2% | +2.9% |
| 2025 | -5.3% | -17.4% |
| 2026 | +16.0% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCPC and WDFC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BCPC and WDFC?
The BCPC/WDFC correlation stands at 0.41 on a 3-year window (1 year: 0.47, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is WDFC a good diversifier for BCPC?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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-wdfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcpc-vs-wdfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCPC correlations · WDFC correlations
