BDX vs GPK: Correlation
Measured on weekly returns over the past three years, Becton Dickinson (BDX) and Graphic Packaging Holding Company (GPK) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDX and GPK?
Across a 3-year window, the weekly returns of BDX and GPK correlate at 0.42, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.42 over 3. Stretching to 5 years gives 0.42, with an annualized covariance of 311.2 %².
By 3-year correlation, GPK places #14 of the 28 assets tracked against BDX. Their recent paths diverged sharply: over the last 12 months BDX outperformed by 73.2 percentage points (+25.5% for BDX against -47.7% for GPK).
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 GPK: side by side
| BDX (Becton Dickinson) | GPK (Graphic Packaging Holding Company) | |
|---|---|---|
| 1-year return | +25.5% | -47.7% |
| 5-year return | +6.8% | -39.0% |
| Volatility (ann.) | 24.0% | 30.7% |
| Beta vs S&P 500 | 0.33 | 0.71 |
| Max drawdown (3Y) | -39.6% | -69.7% |
| Market cap | $51.2B | $3.4B |
| P/E (trailing) | 32.9 | 17.7 |
| Dividend yield | 2.20% | 3.84% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | BDX | GPK |
|---|---|---|
| 2022 | +5.1% | +15.9% |
| 2023 | -2.7% | +12.7% |
| 2024 | -5.4% | +11.7% |
| 2025 | -12.6% | -43.3% |
| 2026 | +25.0% | -23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDX and GPK good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BDX and GPK?
The BDX/GPK correlation stands at 0.42 on a 3-year window (1 year: 0.34, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is GPK a good diversifier for BDX?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 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-gpk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bdx-vs-gpk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BDX correlations · GPK correlations
