BDX vs HBB: Correlation
How closely do Becton Dickinson (BDX) and Hamilton Beach Brands Holding Company (HBB) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDX and HBB?
On 3 years of weekly data the BDX/HBB correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 581.5 %².
By 3-year correlation, HBB places #11 of the 28 assets tracked against BDX. Correlation aside, the last 12 months split them widely, with HBB ahead by 106.0 points (+25.5% versus +131.5%). Note the risk asymmetry: HBB runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 HBB: side by side
| BDX (Becton Dickinson) | HBB (Hamilton Beach Brands Holding Company) | |
|---|---|---|
| 1-year return | +25.5% | +131.5% |
| 5-year return | +6.8% | +119.7% |
| Volatility (ann.) | 24.0% | 55.5% |
| Beta vs S&P 500 | 0.33 | 0.87 |
| Max drawdown (3Y) | -39.6% | -57.7% |
| Market cap | $51.2B | $0.4B |
| P/E (trailing) | 32.9 | 7.6 |
| Dividend yield | 2.20% | 1.50% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | BDX | HBB |
|---|---|---|
| 2022 | +5.1% | -10.9% |
| 2023 | -2.7% | +46.4% |
| 2024 | -5.4% | -1.6% |
| 2025 | -12.6% | +0.5% |
| 2026 | +25.0% | +99.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDX and HBB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BDX and HBB?
As of 2026-08-27, the correlation of weekly returns between BDX and HBB is 0.44 over 3 years, 0.50 over 1 year and 0.35 over 5 years.
Is HBB a good diversifier for BDX?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 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-hbb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bdx-vs-hbb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BDX correlations · HBB correlations
