BCS vs MDWD: Correlation
Measured on weekly returns over the past three years, Barclays PLC (BCS) and MediWound Ltd. (MDWD) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCS and MDWD?
Over the past 3 years, BCS and MDWD moved with a correlation of 0.39, which is moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 626.0 %².
Out of 15 assets tracked against BCS, MDWD lands near the bottom at #11. The last year tells two different stories: BCS led by 58.7 percentage points, +36.6% for BCS against -22.1% for MDWD. One caveat on sizing: MDWD is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 MDWD: side by side
| BCS (Barclays PLC) | MDWD (MediWound Ltd.) | |
|---|---|---|
| 1-year return | +36.6% | -22.1% |
| 5-year return | +214.7% | -47.2% |
| Volatility (ann.) | 30.9% | 51.6% |
| Beta vs S&P 500 | 1.27 | 0.98 |
| Max drawdown (3Y) | -26.2% | -42.9% |
| Market cap | $90.3B | $0.2B |
| P/E (trailing) | 10.3 | – |
| Dividend yield | 0.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCS | MDWD |
|---|---|---|
| 2022 | -21.9% | -18.3% |
| 2023 | +6.0% | -24.6% |
| 2024 | +76.3% | +75.0% |
| 2025 | +96.5% | +3.7% |
| 2026 | +8.0% | -28.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCS and MDWD good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BCS and MDWD?
The BCS/MDWD correlation stands at 0.39 on a 3-year window (1 year: 0.30, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is MDWD a good diversifier for BCS?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 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/bcs-vs-mdwd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcs-vs-mdwd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCS correlations · MDWD correlations
