BCX vs NTR: Correlation
How closely do BlackRock Resources (BCX) and Nutrien Ltd. (NTR) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCX and NTR?
Across a 3-year window, the weekly returns of BCX and NTR correlate at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 318.6 %².
Within BCX's tracked universe of 17 assets, NTR comes in at #6 by 3-year correlation. On 12-month performance BCX holds a 13.8-point edge, +41.5% against +27.7%.
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 NTR: side by side
| BCX (BlackRock Resources) | NTR (Nutrien Ltd.) | |
|---|---|---|
| 1-year return | +41.5% | +27.7% |
| 5-year return | +98.3% | +39.5% |
| Volatility (ann.) | 20.0% | 28.2% |
| Beta vs S&P 500 | 0.56 | 0.22 |
| Max drawdown (3Y) | -18.8% | -28.3% |
| Market cap | $1.0B | $34.9B |
| P/E (trailing) | 4.7 | 14.9 |
| Dividend yield | 0.00% | 2.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCX | NTR |
|---|---|---|
| 2022 | +12.8% | -0.7% |
| 2023 | -4.8% | -20.2% |
| 2024 | +3.2% | -17.0% |
| 2025 | +40.4% | +40.8% |
| 2026 | +24.5% | +20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCX and NTR good diversifiers for each other?
Only partially. A correlation of 0.56 means BCX and NTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BCX and NTR?
As of 2026-08-27, the correlation of weekly returns between BCX and NTR is 0.56 over 3 years, 0.55 over 1 year and 0.57 over 5 years.
Is NTR a good diversifier for BCX?
Only partially. A correlation of 0.56 means BCX and NTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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-ntr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcx-vs-ntr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCX correlations · NTR correlations
