BCX vs PROF: Correlation
Measured on weekly returns over the past three years, BlackRock Resources (BCX) and Profound Medical Corp. (PROF) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCX and PROF?
On 3 years of weekly data the BCX/PROF correlation comes out at 0.35, moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.35 over 3. The 5-year figure is 0.26, and annualized covariance runs at 420.0 %².
PROF is close to the least connected end of BCX's tracked universe, ranking #13 of 17. On 12-month performance PROF holds a 12.5-point edge, +41.5% against +54.0%. Risk is not evenly split, since PROF carries 3.0 times the volatility of the other side.
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 PROF: side by side
| BCX (BlackRock Resources) | PROF (Profound Medical Corp.) | |
|---|---|---|
| 1-year return | +41.5% | +54.0% |
| 5-year return | +98.3% | -53.1% |
| Volatility (ann.) | 20.0% | 59.6% |
| Beta vs S&P 500 | 0.56 | 0.92 |
| Max drawdown (3Y) | -18.8% | -65.4% |
| Market cap | $1.0B | $0.3B |
| P/E (trailing) | 4.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCX | PROF |
|---|---|---|
| 2022 | +12.8% | -3.0% |
| 2023 | -4.8% | -22.0% |
| 2024 | +3.2% | -11.5% |
| 2025 | +40.4% | +4.8% |
| 2026 | +24.5% | -11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCX and PROF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BCX and PROF?
As of 2026-08-27, the correlation of weekly returns between BCX and PROF is 0.35 over 3 years, 0.42 over 1 year and 0.26 over 5 years.
Is PROF a good diversifier for BCX?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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.
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