BME vs RPRX: Correlation
How closely do Blackrock Health Sciences Trust (BME) and Royalty Pharma plc - Class A (RPRX) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BME and RPRX?
Over the past 3 years, BME and RPRX moved with a correlation of 0.39, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.52 versus 0.39 over 3 years. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 119.2 %².
Among the 34 assets we track against BME, RPRX ranks #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RPRX outperformed by 39.0 percentage points (+36.0% for BME against +75.0% for RPRX).
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 RPRX: side by side
| BME (Blackrock Health Sciences Trust) | RPRX (Royalty Pharma plc - Class A) | |
|---|---|---|
| 1-year return | +36.0% | +75.0% |
| 5-year return | +33.5% | +78.4% |
| Volatility (ann.) | 14.4% | 21.2% |
| Beta vs S&P 500 | 0.45 | 0.24 |
| Max drawdown (3Y) | -14.4% | -20.7% |
| Market cap | – | $35.8B |
| P/E (trailing) | 7.8 | 33.3 |
| Dividend yield | 6.80% | 1.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BME | RPRX |
|---|---|---|
| 2022 | -4.6% | +1.0% |
| 2023 | -1.1% | -27.1% |
| 2024 | -0.1% | -6.4% |
| 2025 | +17.9% | +55.3% |
| 2026 | +17.9% | +62.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BME and RPRX good diversifiers for each other?
Reasonably. At 0.39, BME and RPRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BME and RPRX?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.52 over the last year and 0.46 over 5 years.
Is RPRX a good diversifier for BME?
Reasonably. At 0.39, BME and RPRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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
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[](https://www.pairbook.io/pair/bme-vs-rprx/)
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Related comparisons
Hubs: BME correlations · RPRX correlations
