BCPC vs WTS: Correlation
Measured on weekly returns over the past three years, Balchem Corporation (BCPC) and Watts Water Technologies, Inc. (WTS) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCPC and WTS?
Over the past 3 years, BCPC and WTS moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 323.5 %².
WTS is one of the assets that tracks BCPC most closely: it ranks #3 out of the 14 assets we track against BCPC. The last year tells two different stories: WTS led by 22.3 percentage points, +9.6% for BCPC against +31.9% for WTS.
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 WTS: side by side
| BCPC (Balchem Corporation) | WTS (Watts Water Technologies, Inc.) | |
|---|---|---|
| 1-year return | +9.6% | +31.9% |
| 5-year return | +31.0% | +125.4% |
| Volatility (ann.) | 22.7% | 24.6% |
| Beta vs S&P 500 | 0.57 | 0.89 |
| Max drawdown (3Y) | -23.1% | -19.5% |
| Market cap | $5.7B | $12.4B |
| P/E (trailing) | 35.4 | 32.5 |
| Dividend yield | 0.53% | 0.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCPC | WTS |
|---|---|---|
| 2022 | -27.1% | -24.1% |
| 2023 | +22.5% | +43.6% |
| 2024 | +10.2% | -1.6% |
| 2025 | -5.3% | +36.8% |
| 2026 | +16.0% | +35.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCPC and WTS good diversifiers for each other?
To a limited degree. At 0.58 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 WTS?
As of 2026-08-27, the correlation of weekly returns between BCPC and WTS is 0.58 over 3 years, 0.60 over 1 year and 0.60 over 5 years.
Is WTS a good diversifier for BCPC?
To a limited degree. At 0.58 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 0.58 mean?
On the −1 to +1 scale, 0.58 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bcpc-vs-wts.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bcpc-vs-wts/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCPC correlations · WTS correlations
