BME vs LLY: Correlation
Measured on weekly returns over the past three years, Blackrock Health Sciences Trust (BME) and Lilly (Eli) (LLY) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BME and LLY?
Over the past 3 years, BME and LLY moved with a correlation of 0.55, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.70 versus 0.55 over 3 years. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 288.0 %².
Among the 34 assets we track against BME, LLY ranks #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LLY outperformed by 25.2 percentage points (+36.0% for BME against +61.2% for LLY). Note the risk asymmetry: LLY runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 LLY: side by side
| BME (Blackrock Health Sciences Trust) | LLY (Lilly (Eli)) | |
|---|---|---|
| 1-year return | +36.0% | +61.2% |
| 5-year return | +33.5% | +369.2% |
| Volatility (ann.) | 14.4% | 36.6% |
| Beta vs S&P 500 | 0.45 | 0.57 |
| Max drawdown (3Y) | -14.4% | -34.5% |
| Market cap | – | $1,048.8B |
| P/E (trailing) | 7.8 | 40.0 |
| Dividend yield | 6.80% | 0.54% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BME | LLY |
|---|---|---|
| 2022 | -4.6% | +34.3% |
| 2023 | -1.1% | +60.9% |
| 2024 | -0.1% | +33.3% |
| 2025 | +17.9% | +40.2% |
| 2026 | +17.9% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BME and LLY good diversifiers for each other?
To a limited degree. At 0.55 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 LLY?
The BME/LLY correlation stands at 0.55 on a 3-year window (1 year: 0.70, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is LLY a good diversifier for BME?
To a limited degree. At 0.55 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 0.55 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-lly.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bme-vs-lly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BME correlations · LLY correlations
