BHC vs VMAR: Correlation
Measured on weekly returns over the past three years, Bausch Health Companies Inc. (BHC) and Vision Marine Technologies Inc. (VMAR) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHC and VMAR?
Across a 3-year window, the weekly returns of BHC and VMAR correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.20) sits close to the 3-year figure. Stretching to 5 years gives -0.09, with an annualized covariance of -1586.5 %².
VMAR is close to the least connected end of BHC's tracked universe, ranking #9 of 11. The last year tells two different stories: BHC led by 86.6 percentage points, -13.3% for BHC against -99.9% for VMAR. Note the risk asymmetry: VMAR runs 1.6 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.
BHC vs VMAR: side by side
| BHC (Bausch Health Companies Inc.) | VMAR (Vision Marine Technologies Inc.) | |
|---|---|---|
| 1-year return | -13.3% | -99.9% |
| 5-year return | -78.4% | -100.0% |
| Volatility (ann.) | 67.6% | 110.6% |
| Beta vs S&P 500 | 0.94 | 1.13 |
| Max drawdown (3Y) | -59.3% | -100.0% |
| Market cap | $2.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHC | VMAR |
|---|---|---|
| 2022 | -77.3% | -4.8% |
| 2023 | +27.7% | -76.4% |
| 2024 | +0.5% | -98.9% |
| 2025 | -13.8% | -98.7% |
| 2026 | -9.4% | -99.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHC and VMAR good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BHC and VMAR?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.20 over the last year and -0.09 over 5 years.
Is VMAR a good diversifier for BHC?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bhc-vs-vmar.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bhc-vs-vmar/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BHC correlations · VMAR correlations
