BHE vs KN: Correlation
How closely do Benchmark Electronics, Inc. (BHE) and Knowles Corporation (KN) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHE and KN?
Across a 3-year window, the weekly returns of BHE and KN correlate at 0.63, strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.63 over 3. Stretching to 5 years gives 0.54, with an annualized covariance of 834.5 %².
In BHE's tracked universe of 16 assets, KN sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months BHE outperformed by 19.5 percentage points (+81.4% for BHE against +61.9% for KN).
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 KN: side by side
| BHE (Benchmark Electronics, Inc.) | KN (Knowles Corporation) | |
|---|---|---|
| 1-year return | +81.4% | +61.9% |
| 5-year return | +202.1% | +73.8% |
| Volatility (ann.) | 36.4% | 36.5% |
| Beta vs S&P 500 | 1.21 | 1.65 |
| Max drawdown (3Y) | -36.7% | -38.0% |
| Market cap | $2.6B | $3.0B |
| P/E (trailing) | 49.5 | 41.1 |
| Dividend yield | 0.94% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHE | KN |
|---|---|---|
| 2022 | +1.1% | -29.7% |
| 2023 | +6.3% | +9.1% |
| 2024 | +67.1% | +11.3% |
| 2025 | -4.2% | +7.5% |
| 2026 | +73.2% | +63.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHE and KN good diversifiers for each other?
Only partially. A correlation of 0.63 means BHE and KN 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 KN?
As of 2026-08-27, the correlation of weekly returns between BHE and KN is 0.63 over 3 years, 0.69 over 1 year and 0.54 over 5 years.
Is KN a good diversifier for BHE?
Only partially. A correlation of 0.63 means BHE and KN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
A reading of 0.63 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-kn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bhe-vs-kn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BHE correlations · KN correlations
