BDX vs DEO: Correlation
Measured on weekly returns over the past three years, Becton Dickinson (BDX) and Diageo plc (DEO) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDX and DEO?
On 3 years of weekly data the BDX/DEO correlation comes out at 0.53, moderate. The link has tightened recently: the 1-year correlation (0.65) runs above the 3-year figure (0.53). The 5-year figure is 0.48, and annualized covariance runs at 340.9 %².
DEO is one of the assets that tracks BDX most closely: it ranks #1 out of the 28 assets we track against BDX. Correlation aside, the last 12 months split them widely, with BDX ahead by 40.3 points (+25.5% versus -14.8%).
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.
BDX vs DEO: side by side
| BDX (Becton Dickinson) | DEO (Diageo plc) | |
|---|---|---|
| 1-year return | +25.5% | -14.8% |
| 5-year return | +6.8% | -45.7% |
| Volatility (ann.) | 24.0% | 26.8% |
| Beta vs S&P 500 | 0.33 | 0.68 |
| Max drawdown (3Y) | -39.6% | -54.4% |
| Market cap | $51.2B | $51.2B |
| P/E (trailing) | 32.9 | 29.5 |
| Dividend yield | 2.20% | 0.53% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | BDX | DEO |
|---|---|---|
| 2022 | +5.1% | -17.4% |
| 2023 | -2.7% | -16.3% |
| 2024 | -5.4% | -10.1% |
| 2025 | -12.6% | -29.3% |
| 2026 | +25.0% | +7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDX and DEO good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BDX and DEO?
The BDX/DEO correlation stands at 0.53 on a 3-year window (1 year: 0.65, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is DEO a good diversifier for BDX?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bdx-vs-deo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bdx-vs-deo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BDX correlations · DEO correlations
