BCTX vs CAT: Correlation
Measured on weekly returns over the past three years, BriaCell Therapeutics Corp. (BCTX) and Caterpillar Inc. (CAT) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCTX and CAT?
Over the past 3 years, BCTX and CAT moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.02 versus -0.18 over 3 years. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -3522.4 %².
By 3-year correlation, CAT places #12 of the 31 assets tracked against BCTX. Their recent paths diverged sharply: over the last 12 months CAT outperformed by 141.7 percentage points (-51.2% for BCTX against +90.5% for CAT). Note the risk asymmetry: BCTX runs 23.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BCTX vs CAT: side by side
| BCTX (BriaCell Therapeutics Corp.) | CAT (Caterpillar Inc.) | |
|---|---|---|
| 1-year return | -51.2% | +90.5% |
| 5-year return | -94.5% | +321.1% |
| Volatility (ann.) | 676.8% | 29.4% |
| Beta vs S&P 500 | -1.17 | 1.03 |
| Max drawdown (3Y) | -96.3% | -34.0% |
| Market cap | – | $375.6B |
| P/E (trailing) | – | 35.3 |
| Dividend yield | 0.00% | 0.75% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BCTX | CAT |
|---|---|---|
| 2022 | -47.2% | +18.6% |
| 2023 | +33.9% | +25.9% |
| 2024 | -90.4% | +24.7% |
| 2025 | +27.0% | +60.3% |
| 2026 | -47.8% | +43.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCTX and CAT good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BCTX and CAT?
As of 2026-08-27, the correlation of weekly returns between BCTX and CAT is -0.18 over 3 years, 0.02 over 1 year and -0.12 over 5 years.
Is CAT a good diversifier for BCTX?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 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/bctx-vs-cat.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bctx-vs-cat/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCTX correlations · CAT correlations
