BLCO vs TNL: Correlation
Bausch + Lomb Corporation (BLCO) and Travel Leisure Co. (TNL) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLCO and TNL?
Across a 3-year window, the weekly returns of BLCO and TNL correlate at 0.43, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.43 over 3. Stretching to 5 years gives 0.41, with an annualized covariance of 511.9 %².
Within BLCO's tracked universe of 11 assets, TNL comes in at #5 by 3-year correlation. Their 12-month results are close: +17.7% for BLCO against +19.2% for TNL.
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 TNL: side by side
| BLCO (Bausch + Lomb Corporation) | TNL (Travel Leisure Co.) | |
|---|---|---|
| 1-year return | +17.7% | +19.2% |
| 5-year return | -14.4% | +59.9% |
| Volatility (ann.) | 39.6% | 30.1% |
| Beta vs S&P 500 | 0.82 | 1.19 |
| Max drawdown (3Y) | -47.9% | -32.2% |
| Market cap | $6.1B | $4.4B |
| P/E (trailing) | – | 19.9 |
| Dividend yield | 0.00% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLCO | TNL |
|---|---|---|
| 2022 | – | -31.7% |
| 2023 | +10.0% | +12.5% |
| 2024 | +5.9% | +34.8% |
| 2025 | -5.4% | +45.5% |
| 2026 | +0.3% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLCO and TNL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BLCO and TNL?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.47 over the last year and 0.41 over 5 years.
Is TNL a good diversifier for BLCO?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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-tnl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/blco-vs-tnl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BLCO correlations · TNL correlations
