BDX vs FRGT: Correlation
How closely do Becton Dickinson (BDX) and Freight Technologies, Inc. (FRGT) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDX and FRGT?
Over the past 3 years, BDX and FRGT moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.19 versus -0.16 over 3 years. Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -469.3 %².
Within BDX's tracked universe of 28 assets, FRGT comes in at #20 by 3-year correlation. The last year tells two different stories: BDX led by 120.9 percentage points, +25.5% for BDX against -95.4% for FRGT. Risk is not evenly split, since FRGT carries 5.0 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.
BDX vs FRGT: side by side
| BDX (Becton Dickinson) | FRGT (Freight Technologies, Inc.) | |
|---|---|---|
| 1-year return | +25.5% | -95.4% |
| 5-year return | +6.8% | -100.0% |
| Volatility (ann.) | 24.0% | 119.4% |
| Beta vs S&P 500 | 0.33 | 1.68 |
| Max drawdown (3Y) | -39.6% | -100.0% |
| 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 | FRGT |
|---|---|---|
| 2022 | +5.1% | -96.2% |
| 2023 | -2.7% | -85.3% |
| 2024 | -5.4% | -97.8% |
| 2025 | -12.6% | -95.6% |
| 2026 | +25.0% | -82.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDX and FRGT good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between BDX and FRGT?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with 0.19 over the last year and -0.05 over 5 years.
Is FRGT a good diversifier for BDX?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 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
$ curl https://www.pairbook.io/api/v1/pairs/bdx-vs-frgt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bdx-vs-frgt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BDX correlations · FRGT correlations
