BKR vs FTI: Correlation
How closely do Baker Hughes (BKR) and TechnipFMC plc (FTI) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKR and FTI?
On 3 years of weekly data the BKR/FTI correlation comes out at 0.68, strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.68 over 3. The 5-year figure is 0.64, and annualized covariance runs at 801.1 %².
By 3-year correlation, FTI places #4 of the 30 assets tracked against BKR. The last year tells two different stories: FTI led by 68.5 percentage points, +40.9% for BKR against +109.4% for FTI.
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.
BKR vs FTI: side by side
| BKR (Baker Hughes) | FTI (TechnipFMC plc) | |
|---|---|---|
| 1-year return | +40.9% | +109.4% |
| 5-year return | +205.5% | +1078.9% |
| Volatility (ann.) | 32.2% | 36.4% |
| Beta vs S&P 500 | 0.61 | 0.70 |
| Max drawdown (3Y) | -28.0% | -28.9% |
| Market cap | $61.7B | $29.9B |
| P/E (trailing) | 19.9 | 26.5 |
| Dividend yield | 1.48% | 0.26% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | BKR | FTI |
|---|---|---|
| 2022 | +26.0% | +105.9% |
| 2023 | +18.6% | +66.1% |
| 2024 | +23.1% | +44.8% |
| 2025 | +13.4% | +54.9% |
| 2026 | +37.9% | +71.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKR and FTI good diversifiers for each other?
To a limited degree. At 0.68 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 BKR and FTI?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.65 over the last year and 0.64 over 5 years.
Is FTI a good diversifier for BKR?
To a limited degree. At 0.68 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 0.68 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bkr-vs-fti.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bkr-vs-fti/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BKR correlations · FTI correlations
