BDX vs PEW: Correlation
Measured on weekly returns over the past three years, Becton Dickinson (BDX) and GrabAGun Digital Holdings Inc. (PEW) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDX and PEW?
Over the past 3 years, BDX and PEW moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.11 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -203.6 %².
By 3-year correlation, PEW places #21 of the 28 assets tracked against BDX. Correlation aside, the last 12 months split them widely, with BDX ahead by 82.6 points (+25.5% versus -57.1%). Risk is not evenly split, since PEW carries 2.1 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 PEW: side by side
| BDX (Becton Dickinson) | PEW (GrabAGun Digital Holdings Inc.) | |
|---|---|---|
| 1-year return | +25.5% | -57.1% |
| 5-year return | +6.8% | n/a |
| Volatility (ann.) | 24.0% | 51.2% |
| Beta vs S&P 500 | 0.33 | 0.44 |
| Max drawdown (3Y) | -39.6% | -86.8% |
| Market cap | $51.2B | $0.1B |
| P/E (trailing) | 32.9 | – |
| Dividend yield | 2.20% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | BDX | PEW |
|---|---|---|
| 2022 | +5.1% | – |
| 2023 | -2.7% | – |
| 2024 | -5.4% | – |
| 2025 | -12.6% | -74.4% |
| 2026 | +25.0% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDX and PEW good diversifiers for each other?
Yes. With a correlation of -0.16, BDX and PEW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BDX and PEW?
The BDX/PEW correlation stands at -0.16 on a 3-year window (1 year: -0.11, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PEW a good diversifier for BDX?
Yes. With a correlation of -0.16, BDX and PEW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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-pew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bdx-vs-pew/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BDX correlations · PEW correlations
