BHE vs CTS: Correlation
Measured on weekly returns over the past three years, Benchmark Electronics, Inc. (BHE) and CTS Corporation (CTS) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHE and CTS?
Over the past 3 years, BHE and CTS moved with a correlation of 0.66, which is strong. Recent behaviour matches the longer record: 0.64 over 1 year against 0.66 over 3. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 799.7 %².
CTS is one of the assets that tracks BHE most closely: it ranks #2 out of the 16 assets we track against BHE. Their recent paths diverged sharply: over the last 12 months BHE outperformed by 45.6 percentage points (+81.4% for BHE against +35.8% for CTS).
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.
BHE vs CTS: side by side
| BHE (Benchmark Electronics, Inc.) | CTS (CTS Corporation) | |
|---|---|---|
| 1-year return | +81.4% | +35.8% |
| 5-year return | +202.1% | +63.4% |
| Volatility (ann.) | 36.4% | 33.0% |
| Beta vs S&P 500 | 1.21 | 1.40 |
| Max drawdown (3Y) | -36.7% | -40.6% |
| Market cap | $2.6B | $1.6B |
| P/E (trailing) | 49.5 | 23.8 |
| Dividend yield | 0.94% | 0.28% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHE | CTS |
|---|---|---|
| 2022 | +1.1% | +7.8% |
| 2023 | +6.3% | +11.4% |
| 2024 | +67.1% | +20.9% |
| 2025 | -4.2% | -18.4% |
| 2026 | +73.2% | +34.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHE and CTS good diversifiers for each other?
Only partially. A correlation of 0.66 means BHE and CTS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BHE and CTS?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.64 over the last year and 0.60 over 5 years.
Is CTS a good diversifier for BHE?
Only partially. A correlation of 0.66 means BHE and CTS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 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/bhe-vs-cts.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bhe-vs-cts/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BHE correlations · CTS correlations
