BCTX vs ETN: Correlation
BriaCell Therapeutics Corp. (BCTX) and Eaton Corporation (ETN) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCTX and ETN?
Across a 3-year window, the weekly returns of BCTX and ETN correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.01) runs above the 3-year figure (-0.21). Stretching to 5 years gives -0.17, with an annualized covariance of -4390.8 %².
Within BCTX's tracked universe of 31 assets, ETN comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ETN outperformed by 70.9 percentage points (-51.2% for BCTX against +19.7% for ETN). One caveat on sizing: BCTX is 22.4 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.
BCTX vs ETN: side by side
| BCTX (BriaCell Therapeutics Corp.) | ETN (Eaton Corporation) | |
|---|---|---|
| 1-year return | -51.2% | +19.7% |
| 5-year return | -94.5% | +164.1% |
| Volatility (ann.) | 676.8% | 30.2% |
| Beta vs S&P 500 | -1.17 | 1.33 |
| Max drawdown (3Y) | -96.3% | -34.5% |
| Market cap | – | $161.6B |
| P/E (trailing) | – | 42.4 |
| Dividend yield | 0.00% | 1.02% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BCTX | ETN |
|---|---|---|
| 2022 | -47.2% | -7.2% |
| 2023 | +33.9% | +56.2% |
| 2024 | -90.4% | +39.5% |
| 2025 | +27.0% | -2.8% |
| 2026 | -47.8% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCTX and ETN good diversifiers for each other?
Yes. With a correlation of -0.21, BCTX and ETN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BCTX and ETN?
As of 2026-08-27, the correlation of weekly returns between BCTX and ETN is -0.21 over 3 years, 0.01 over 1 year and -0.17 over 5 years.
Is ETN a good diversifier for BCTX?
Yes. With a correlation of -0.21, BCTX and ETN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: BCTX correlations · ETN correlations
