BDX vs ZBH: Correlation
How closely do Becton Dickinson (BDX) and Zimmer Biomet (ZBH) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BDX and ZBH?
Across a 3-year window, the weekly returns of BDX and ZBH correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 280.3 %².
By 3-year correlation, ZBH places #5 of the 28 assets tracked against BDX. Correlation aside, the last 12 months split them widely, with BDX ahead by 31.4 points (+25.5% versus -5.9%). Across three years, the rolling one-year figure varied moderately, from 0.33 to 0.59.
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 ZBH: side by side
| BDX (Becton Dickinson) | ZBH (Zimmer Biomet) | |
|---|---|---|
| 1-year return | +25.5% | -5.9% |
| 5-year return | +6.8% | -28.6% |
| Volatility (ann.) | 24.0% | 24.9% |
| Beta vs S&P 500 | 0.33 | 0.51 |
| Max drawdown (3Y) | -39.6% | -38.8% |
| Market cap | $51.2B | $19.0B |
| P/E (trailing) | 32.9 | 24.6 |
| Dividend yield | 2.20% | 0.95% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | BDX | ZBH |
|---|---|---|
| 2022 | +5.1% | +4.2% |
| 2023 | -2.7% | -3.8% |
| 2024 | -5.4% | -12.5% |
| 2025 | -12.6% | -14.0% |
| 2026 | +25.0% | +11.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BDX and ZBH good diversifiers for each other?
Reasonably. At 0.47, BDX and ZBH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BDX and ZBH?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.46 over the last year and 0.49 over 5 years.
Is ZBH a good diversifier for BDX?
Reasonably. At 0.47, BDX and ZBH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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-zbh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bdx-vs-zbh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BDX correlations · ZBH correlations
