BHM vs JCSE: Correlation
Bluerock Homes Trust, Inc. (BHM) and JE Cleantech Holdings Limited (JCSE) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHM and JCSE?
Across a 3-year window, the weekly returns of BHM and JCSE correlate at -0.25, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.31) sits close to the 3-year figure. Stretching to 5 years gives -0.11, with an annualized covariance of -1265.8 %².
JCSE is close to the least connected end of BHM's tracked universe, ranking #16 of 18. The last year tells two different stories: JCSE led by 140.4 percentage points, -34.5% for BHM against +105.9% for JCSE. Risk is not evenly split, since JCSE carries 3.0 times the volatility of the other side.
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.
BHM vs JCSE: side by side
| BHM (Bluerock Homes Trust, Inc.) | JCSE (JE Cleantech Holdings Limited) | |
|---|---|---|
| 1-year return | -34.5% | +105.9% |
| 5-year return | n/a | -96.2% |
| Volatility (ann.) | 41.3% | 123.3% |
| Beta vs S&P 500 | 0.13 | 0.09 |
| Max drawdown (3Y) | -54.9% | -64.2% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 3.1 |
| Dividend yield | 5.85% | 36.52% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHM | JCSE |
|---|---|---|
| 2023 | -29.7% | -66.0% |
| 2024 | -5.1% | +92.4% |
| 2025 | -15.9% | -23.1% |
| 2026 | -19.4% | +94.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHM and JCSE good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BHM and JCSE?
The BHM/JCSE correlation stands at -0.25 on a 3-year window (1 year: -0.31, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is JCSE a good diversifier for BHM?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/bhm-vs-jcse.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bhm-vs-jcse/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BHM correlations · JCSE correlations
