BDX vs SWK: Correlation
How closely do Becton Dickinson (BDX) and Stanley Black & Decker (SWK) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDX and SWK?
On 3 years of weekly data the BDX/SWK correlation comes out at 0.46, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.46 over 3. The 5-year figure is 0.42, and annualized covariance runs at 390.4 %².
By 3-year correlation, SWK places #8 of the 28 assets tracked against BDX. Over the last 12 months SWK came out ahead by 11.5 percentage points (+25.5% against +37.0%). Across three years, the rolling one-year figure varied moderately, from 0.20 to 0.56.
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 SWK: side by side
| BDX (Becton Dickinson) | SWK (Stanley Black & Decker) | |
|---|---|---|
| 1-year return | +25.5% | +37.0% |
| 5-year return | +6.8% | -39.1% |
| Volatility (ann.) | 24.0% | 35.4% |
| Beta vs S&P 500 | 0.33 | 1.19 |
| Max drawdown (3Y) | -39.6% | -48.3% |
| Market cap | $51.2B | $15.0B |
| P/E (trailing) | 32.9 | 24.4 |
| Dividend yield | 2.20% | 3.33% |
| Sector / category | Health Care | Industrials |
Year-by-year returns
| Year | BDX | SWK |
|---|---|---|
| 2022 | +5.1% | -58.9% |
| 2023 | -2.7% | +35.6% |
| 2024 | -5.4% | -15.2% |
| 2025 | -12.6% | -3.2% |
| 2026 | +25.0% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDX and SWK good diversifiers for each other?
Reasonably. At 0.46, BDX and SWK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BDX and SWK?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.44 over the last year and 0.42 over 5 years.
Is SWK a good diversifier for BDX?
Reasonably. At 0.46, BDX and SWK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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-swk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bdx-vs-swk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BDX correlations · SWK correlations
