BCS vs BLX: Correlation
Barclays PLC (BCS) and Bladex, Inc. (BLX) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCS and BLX?
Across a 3-year window, the weekly returns of BCS and BLX correlate at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.52). Stretching to 5 years gives 0.49, with an annualized covariance of 408.3 %².
By 3-year correlation, BLX places #9 of the 15 assets tracked against BCS. On 12-month performance BCS holds a 12.1-point edge, +36.6% against +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.
BCS vs BLX: side by side
| BCS (Barclays PLC) | BLX (Bladex, Inc.) | |
|---|---|---|
| 1-year return | +36.6% | +24.5% |
| 5-year return | +214.7% | +326.0% |
| Volatility (ann.) | 30.9% | 25.5% |
| Beta vs S&P 500 | 1.27 | 0.59 |
| Max drawdown (3Y) | -26.2% | -21.0% |
| Market cap | $90.3B | – |
| P/E (trailing) | 10.3 | 9.0 |
| Dividend yield | 0.42% | 4.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCS | BLX |
|---|---|---|
| 2022 | -21.9% | +4.3% |
| 2023 | +6.0% | +60.6% |
| 2024 | +76.3% | +53.7% |
| 2025 | +96.5% | +29.4% |
| 2026 | +8.0% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCS and BLX good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BCS and BLX?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.24 over the last year and 0.49 over 5 years.
Is BLX a good diversifier for BCS?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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/bcs-vs-blx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcs-vs-blx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCS correlations · BLX correlations
