BLCO vs GEHC: Correlation
Bausch + Lomb Corporation (BLCO) and GE HealthCare (GEHC) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLCO and GEHC?
Over the past 3 years, BLCO and GEHC moved with a correlation of 0.46, which is moderate. The past 12 months show a tighter link (0.58) than the 3-year average (0.46). Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 589.1 %².
In BLCO's tracked universe of 11 assets, GEHC sits right near the top at #3. The last year tells two different stories: BLCO led by 19.9 percentage points, +17.7% for BLCO against -2.2% for GEHC.
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.
BLCO vs GEHC: side by side
| BLCO (Bausch + Lomb Corporation) | GEHC (GE HealthCare) | |
|---|---|---|
| 1-year return | +17.7% | -2.2% |
| 5-year return | -14.4% | n/a |
| Volatility (ann.) | 39.6% | 32.4% |
| Beta vs S&P 500 | 0.82 | 1.22 |
| Max drawdown (3Y) | -47.9% | -37.4% |
| Market cap | $6.1B | $32.7B |
| P/E (trailing) | – | 16.9 |
| Dividend yield | 0.00% | 0.19% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BLCO | GEHC |
|---|---|---|
| 2023 | +10.0% | +32.6% |
| 2024 | +5.9% | +1.3% |
| 2025 | -5.4% | +5.1% |
| 2026 | +0.3% | -11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLCO and GEHC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BLCO and GEHC?
As of 2026-08-27, the correlation of weekly returns between BLCO and GEHC is 0.46 over 3 years, 0.58 over 1 year and 0.45 over 5 years.
Is GEHC a good diversifier for BLCO?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/blco-vs-gehc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blco-vs-gehc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BLCO correlations · GEHC correlations
