BME vs JNJ: Correlation
How closely do Blackrock Health Sciences Trust (BME) and Johnson & Johnson (JNJ) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BME and JNJ?
On 3 years of weekly data the BME/JNJ correlation comes out at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 141.9 %².
Among the 34 assets we track against BME, JNJ ranks #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with JNJ ahead by 17.7 points (+36.0% versus +53.7%).
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 JNJ: side by side
| BME (Blackrock Health Sciences Trust) | JNJ (Johnson & Johnson) | |
|---|---|---|
| 1-year return | +36.0% | +53.7% |
| 5-year return | +33.5% | +76.0% |
| Volatility (ann.) | 14.4% | 18.5% |
| Beta vs S&P 500 | 0.45 | 0.05 |
| Max drawdown (3Y) | -14.4% | -14.4% |
| Market cap | – | $640.5B |
| P/E (trailing) | 7.8 | 30.9 |
| Dividend yield | 6.80% | 1.94% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BME | JNJ |
|---|---|---|
| 2022 | -4.6% | +6.0% |
| 2023 | -1.1% | -8.6% |
| 2024 | -0.1% | -4.8% |
| 2025 | +17.9% | +47.5% |
| 2026 | +17.9% | +30.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BME and JNJ good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BME and JNJ?
The BME/JNJ correlation stands at 0.53 on a 3-year window (1 year: 0.52, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is JNJ a good diversifier for BME?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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/bme-vs-jnj.json
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[](https://www.pairbook.io/pair/bme-vs-jnj/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BME correlations · JNJ correlations
