BDC vs CTS: Correlation
Measured on weekly returns over the past three years, Belden Inc (BDC) and CTS Corporation (CTS) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDC and CTS?
Over the past 3 years, BDC and CTS moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 746.9 %².
Few assets follow BDC as closely as CTS, which ranks #2 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months CTS outperformed by 45.4 percentage points (-9.6% for BDC against +35.8% for CTS).
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.
BDC vs CTS: side by side
| BDC (Belden Inc) | CTS (CTS Corporation) | |
|---|---|---|
| 1-year return | -9.6% | +35.8% |
| 5-year return | +113.6% | +63.4% |
| Volatility (ann.) | 39.2% | 33.0% |
| Beta vs S&P 500 | 1.17 | 1.40 |
| Max drawdown (3Y) | -35.8% | -40.6% |
| Market cap | $4.7B | $1.6B |
| P/E (trailing) | 19.5 | 23.8 |
| Dividend yield | 0.17% | 0.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BDC | CTS |
|---|---|---|
| 2022 | +9.7% | +7.8% |
| 2023 | +7.7% | +11.4% |
| 2024 | +46.1% | +20.9% |
| 2025 | +3.7% | -18.4% |
| 2026 | +3.0% | +34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDC and CTS good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BDC and CTS?
As of 2026-08-27, the correlation of weekly returns between BDC and CTS is 0.58 over 3 years, 0.65 over 1 year and 0.55 over 5 years.
Is CTS a good diversifier for BDC?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 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
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Related comparisons
Hubs: BDC correlations · CTS correlations
