BME vs INCY: Correlation
Measured on weekly returns over the past three years, Blackrock Health Sciences Trust (BME) and Incyte (INCY) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BME and INCY?
On 3 years of weekly data the BME/INCY correlation comes out at 0.44, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.58 versus 0.44 over 3 years. The 5-year figure is 0.42, and annualized covariance runs at 208.4 %².
By 3-year correlation, INCY places #25 of the 34 assets tracked against BME. Over the last 12 months INCY came out ahead by 14.6 percentage points (+36.0% against +50.6%). Risk is not evenly split, since INCY carries 2.3 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 INCY: side by side
| BME (Blackrock Health Sciences Trust) | INCY (Incyte) | |
|---|---|---|
| 1-year return | +36.0% | +50.6% |
| 5-year return | +33.5% | +68.0% |
| Volatility (ann.) | 14.4% | 33.1% |
| Beta vs S&P 500 | 0.45 | 0.45 |
| Max drawdown (3Y) | -14.4% | -33.8% |
| Market cap | – | $25.9B |
| P/E (trailing) | 7.8 | 16.3 |
| Dividend yield | 6.80% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BME | INCY |
|---|---|---|
| 2022 | -4.6% | +9.4% |
| 2023 | -1.1% | -21.8% |
| 2024 | -0.1% | +10.0% |
| 2025 | +17.9% | +43.0% |
| 2026 | +17.9% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BME and INCY good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BME and INCY?
The BME/INCY correlation stands at 0.44 on a 3-year window (1 year: 0.58, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is INCY a good diversifier for BME?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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/bme-vs-incy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bme-vs-incy/)
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Related comparisons
Hubs: BME correlations · INCY correlations
