BME vs NVS: Correlation
Blackrock Health Sciences Trust (BME) and Novartis AG (NVS) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BME and NVS?
Across a 3-year window, the weekly returns of BME and NVS correlate at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. Stretching to 5 years gives 0.56, with an annualized covariance of 165.6 %².
Within BME's tracked universe of 34 assets, NVS comes in at #10 by 3-year correlation. On 12-month performance BME holds a 10.4-point edge, +36.0% against +25.6%.
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 NVS: side by side
| BME (Blackrock Health Sciences Trust) | NVS (Novartis AG) | |
|---|---|---|
| 1-year return | +36.0% | +25.6% |
| 5-year return | +33.5% | +103.5% |
| Volatility (ann.) | 14.4% | 19.6% |
| Beta vs S&P 500 | 0.45 | 0.25 |
| Max drawdown (3Y) | -14.4% | -20.0% |
| Market cap | – | $293.9B |
| P/E (trailing) | 7.8 | 23.4 |
| Dividend yield | 6.80% | 2.96% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BME | NVS |
|---|---|---|
| 2022 | -4.6% | +8.1% |
| 2023 | -1.1% | +16.1% |
| 2024 | -0.1% | +0.0% |
| 2025 | +17.9% | +47.0% |
| 2026 | +17.9% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BME and NVS good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BME and NVS?
The BME/NVS correlation stands at 0.59 on a 3-year window (1 year: 0.67, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is NVS a good diversifier for BME?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 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-nvs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bme-vs-nvs/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BME correlations · NVS correlations
