BDX vs FGNX: Correlation
Becton Dickinson (BDX) and FG Nexus Inc. (FGNX) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDX and FGNX?
Over the past 3 years, BDX and FGNX moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.16). Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -398.6 %².
Within BDX's tracked universe of 28 assets, FGNX comes in at #19 by 3-year correlation. The last year tells two different stories: BDX led by 113.0 percentage points, +25.5% for BDX against -87.5% for FGNX. Risk is not evenly split, since FGNX carries 4.4 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.
BDX vs FGNX: side by side
| BDX (Becton Dickinson) | FGNX (FG Nexus Inc.) | |
|---|---|---|
| 1-year return | +25.5% | -87.5% |
| 5-year return | +6.8% | -98.8% |
| Volatility (ann.) | 24.0% | 105.1% |
| Beta vs S&P 500 | 0.33 | -0.07 |
| Max drawdown (3Y) | -39.6% | -97.9% |
| Market cap | $51.2B | – |
| P/E (trailing) | 32.9 | – |
| Dividend yield | 2.20% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | BDX | FGNX |
|---|---|---|
| 2022 | +5.1% | -24.2% |
| 2023 | -2.7% | -43.9% |
| 2024 | -5.4% | -45.5% |
| 2025 | -12.6% | -87.4% |
| 2026 | +25.0% | -42.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDX and FGNX good diversifiers for each other?
Yes. With a correlation of -0.16, BDX and FGNX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BDX and FGNX?
The BDX/FGNX correlation stands at -0.16 on a 3-year window (1 year: -0.03, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is FGNX a good diversifier for BDX?
Yes. With a correlation of -0.16, BDX and FGNX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 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-fgnx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bdx-vs-fgnx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BDX correlations · FGNX correlations
