BCX vs CTVA: Correlation
Measured on weekly returns over the past three years, BlackRock Resources (BCX) and Corteva (CTVA) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCX and CTVA?
Across a 3-year window, the weekly returns of BCX and CTVA correlate at 0.44, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.44 over 3. Stretching to 5 years gives 0.54, with an annualized covariance of 236.1 %².
By 3-year correlation, CTVA places #10 of the 17 assets tracked against BCX. The last year tells two different stories: BCX led by 30.6 percentage points, +41.5% for BCX against +10.9% for CTVA.
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.
BCX vs CTVA: side by side
| BCX (BlackRock Resources) | CTVA (Corteva) | |
|---|---|---|
| 1-year return | +41.5% | +10.9% |
| 5-year return | +98.3% | +98.2% |
| Volatility (ann.) | 20.0% | 26.8% |
| Beta vs S&P 500 | 0.56 | 0.43 |
| Max drawdown (3Y) | -18.8% | -20.7% |
| Market cap | $1.0B | $55.0B |
| P/E (trailing) | 4.7 | 50.2 |
| Dividend yield | 0.00% | 0.87% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | BCX | CTVA |
|---|---|---|
| 2022 | +12.8% | +25.6% |
| 2023 | -4.8% | -17.5% |
| 2024 | +3.2% | +20.2% |
| 2025 | +40.4% | +18.9% |
| 2026 | +24.5% | +23.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCX and CTVA good diversifiers for each other?
Reasonably. At 0.44, BCX and CTVA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BCX and CTVA?
The BCX/CTVA correlation stands at 0.44 on a 3-year window (1 year: 0.34, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is CTVA a good diversifier for BCX?
Reasonably. At 0.44, BCX and CTVA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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/bcx-vs-ctva.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bcx-vs-ctva/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCX correlations · CTVA correlations
