BCX vs VEA: Correlation
How closely do BlackRock Resources (BCX) and Vanguard FTSE Developed Markets ETF (VEA) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCX and VEA?
Over the past 3 years, BCX and VEA moved with a correlation of 0.63, which is strong. Recent behaviour matches the longer record: 0.57 over 1 year against 0.63 over 3. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 189.4 %².
Within BCX's tracked universe of 17 assets, VEA comes in at #5 by 3-year correlation. Over the last 12 months BCX came out ahead by 13.0 percentage points (+41.5% against +28.5%).
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 VEA: side by side
| BCX (BlackRock Resources) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | +41.5% | +28.5% |
| 5-year return | +98.3% | +63.5% |
| Volatility (ann.) | 20.0% | 15.1% |
| Beta vs S&P 500 | 0.56 | 0.79 |
| Max drawdown (3Y) | -18.8% | -13.5% |
| Market cap | $1.0B | – |
| P/E (trailing) | 4.7 | – |
| Dividend yield | 0.00% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | US Listed | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | BCX | VEA |
|---|---|---|
| 2022 | +12.8% | -15.3% |
| 2023 | -4.8% | +17.9% |
| 2024 | +3.2% | +3.1% |
| 2025 | +40.4% | +35.2% |
| 2026 | +24.5% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCX and VEA good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BCX and VEA?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.57 over the last year and 0.55 over 5 years.
Is VEA a good diversifier for BCX?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bcx-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bcx-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCX correlations · VEA correlations
