BDX vs GEHC: Correlation
How closely do Becton Dickinson (BDX) and GE HealthCare (GEHC) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDX and GEHC?
Across a 3-year window, the weekly returns of BDX and GEHC correlate at 0.45, moderate. The link has tightened recently: the 1-year correlation (0.58) runs above the 3-year figure (0.45). Stretching to 5 years gives 0.39, with an annualized covariance of 351.9 %².
Among the 28 assets we track against BDX, GEHC ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BDX ahead by 27.7 points (+25.5% versus -2.2%). On a rolling one-year basis the correlation drifted between 0.18 and 0.58, a moderate band.
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 GEHC: side by side
| BDX (Becton Dickinson) | GEHC (GE HealthCare) | |
|---|---|---|
| 1-year return | +25.5% | -2.2% |
| 5-year return | +6.8% | n/a |
| Volatility (ann.) | 24.0% | 32.4% |
| Beta vs S&P 500 | 0.33 | 1.22 |
| Max drawdown (3Y) | -39.6% | -37.4% |
| Market cap | $51.2B | $32.7B |
| P/E (trailing) | 32.9 | 16.9 |
| Dividend yield | 2.20% | 0.19% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | BDX | GEHC |
|---|---|---|
| 2022 | +5.1% | – |
| 2023 | -2.7% | +32.6% |
| 2024 | -5.4% | +1.3% |
| 2025 | -12.6% | +5.1% |
| 2026 | +25.0% | -11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDX and GEHC good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BDX and GEHC?
The BDX/GEHC correlation stands at 0.45 on a 3-year window (1 year: 0.58, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is GEHC a good diversifier for BDX?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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-gehc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bdx-vs-gehc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BDX correlations · GEHC correlations
