BHE vs PLXS: Correlation
Benchmark Electronics, Inc. (BHE) and Plexus Corp. (PLXS) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHE and PLXS?
Across a 3-year window, the weekly returns of BHE and PLXS correlate at 0.75, strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Stretching to 5 years gives 0.74, with an annualized covariance of 909.8 %².
PLXS is one of the assets that tracks BHE most closely: it ranks #1 out of the 16 assets we track against BHE. Twelve-month performance is nearly a tie, at +81.4% for BHE and +77.1% for PLXS.
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 PLXS: side by side
| BHE (Benchmark Electronics, Inc.) | PLXS (Plexus Corp.) | |
|---|---|---|
| 1-year return | +81.4% | +77.1% |
| 5-year return | +202.1% | +165.9% |
| Volatility (ann.) | 36.4% | 33.3% |
| Beta vs S&P 500 | 1.21 | 1.03 |
| Max drawdown (3Y) | -36.7% | -34.9% |
| Market cap | $2.6B | $6.5B |
| P/E (trailing) | 49.5 | 36.1 |
| Dividend yield | 0.94% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHE | PLXS |
|---|---|---|
| 2022 | +1.1% | +7.3% |
| 2023 | +6.3% | +5.1% |
| 2024 | +67.1% | +44.7% |
| 2025 | -4.2% | -6.1% |
| 2026 | +73.2% | +67.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHE and PLXS good diversifiers for each other?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BHE and PLXS?
As of 2026-08-27, the correlation of weekly returns between BHE and PLXS is 0.75 over 3 years, 0.74 over 1 year and 0.74 over 5 years.
Is PLXS a good diversifier for BHE?
To a limited degree. At 0.75 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.75 mean?
On the −1 to +1 scale, 0.75 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/bhe-vs-plxs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bhe-vs-plxs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BHE correlations · PLXS correlations
