BME vs DHR: Correlation
Measured on weekly returns over the past three years, Blackrock Health Sciences Trust (BME) and Danaher Corporation (DHR) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BME and DHR?
Across a 3-year window, the weekly returns of BME and DHR correlate at 0.59, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.71 versus 0.59 over 3 years. Stretching to 5 years gives 0.56, with an annualized covariance of 250.5 %².
Among the 34 assets we track against BME, DHR ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BME ahead by 30.0 points (+36.0% versus +6.0%). Risk is not evenly split, since DHR carries 2.0 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.
BME vs DHR: side by side
| BME (Blackrock Health Sciences Trust) | DHR (Danaher Corporation) | |
|---|---|---|
| 1-year return | +36.0% | +6.0% |
| 5-year return | +33.5% | -23.8% |
| Volatility (ann.) | 14.4% | 29.5% |
| Beta vs S&P 500 | 0.45 | 0.82 |
| Max drawdown (3Y) | -14.4% | -41.7% |
| Market cap | – | $151.6B |
| P/E (trailing) | 7.8 | 38.4 |
| Dividend yield | 6.80% | 0.67% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BME | DHR |
|---|---|---|
| 2022 | -4.6% | -19.0% |
| 2023 | -1.1% | -1.2% |
| 2024 | -0.1% | -0.3% |
| 2025 | +17.9% | +0.4% |
| 2026 | +17.9% | -5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BME and DHR good diversifiers for each other?
To a limited degree. At 0.59 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 BME and DHR?
As of 2026-08-27, the correlation of weekly returns between BME and DHR is 0.59 over 3 years, 0.71 over 1 year and 0.56 over 5 years.
Is DHR a good diversifier for BME?
To a limited degree. At 0.59 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 0.59 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.
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Related comparisons
Hubs: BME correlations · DHR correlations
