BME vs REGN: Correlation
Blackrock Health Sciences Trust (BME) and Regeneron Pharmaceuticals (REGN) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BME and REGN?
On 3 years of weekly data the BME/REGN correlation comes out at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 196.3 %².
Among the 34 assets we track against BME, REGN ranks #26 by 3-year correlation. Neither side won the trailing year by much: +36.0% against +38.3%. One caveat on sizing: REGN is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 REGN: side by side
| BME (Blackrock Health Sciences Trust) | REGN (Regeneron Pharmaceuticals) | |
|---|---|---|
| 1-year return | +36.0% | +38.3% |
| 5-year return | +33.5% | +20.4% |
| Volatility (ann.) | 14.4% | 31.8% |
| Beta vs S&P 500 | 0.45 | 0.61 |
| Max drawdown (3Y) | -14.4% | -59.7% |
| Market cap | – | $83.2B |
| P/E (trailing) | 7.8 | 20.2 |
| Dividend yield | 6.80% | 0.45% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BME | REGN |
|---|---|---|
| 2022 | -4.6% | +14.2% |
| 2023 | -1.1% | +21.7% |
| 2024 | -0.1% | -18.9% |
| 2025 | +17.9% | +9.0% |
| 2026 | +17.9% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BME and REGN good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BME and REGN?
The BME/REGN correlation stands at 0.43 on a 3-year window (1 year: 0.33, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is REGN a good diversifier for BME?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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-regn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bme-vs-regn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BME correlations · REGN correlations
