BME vs LH: Correlation
Measured on weekly returns over the past three years, Blackrock Health Sciences Trust (BME) and Labcorp (LH) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BME and LH?
On 3 years of weekly data the BME/LH correlation comes out at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 143.9 %².
By 3-year correlation, LH places #23 of the 34 assets tracked against BME. The trailing year gives BME the advantage: +36.0% versus +21.8%, a 14.2-point spread.
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 LH: side by side
| BME (Blackrock Health Sciences Trust) | LH (Labcorp) | |
|---|---|---|
| 1-year return | +36.0% | +21.8% |
| 5-year return | +33.5% | +36.0% |
| Volatility (ann.) | 14.4% | 21.4% |
| Beta vs S&P 500 | 0.45 | 0.33 |
| Max drawdown (3Y) | -14.4% | -17.4% |
| Market cap | – | $27.3B |
| P/E (trailing) | 7.8 | 27.8 |
| Dividend yield | 6.80% | 0.86% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BME | LH |
|---|---|---|
| 2022 | -4.6% | -24.4% |
| 2023 | -1.1% | +13.8% |
| 2024 | -0.1% | +2.2% |
| 2025 | +17.9% | +10.6% |
| 2026 | +17.9% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BME and LH good diversifiers for each other?
Reasonably. At 0.47, BME and LH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BME and LH?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.48 over the last year and 0.51 over 5 years.
Is LH a good diversifier for BME?
Reasonably. At 0.47, BME and LH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bme-vs-lh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bme-vs-lh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BME correlations · LH correlations
