BMEZ vs LLY: Correlation
Measured on weekly returns over the past three years, BlackRock Health Sciences Term Trust (BMEZ) and Lilly (Eli) (LLY) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMEZ and LLY?
Over the past 3 years, BMEZ and LLY moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 239.2 %².
Among the 23 assets we track against BMEZ, LLY ranks #18 by 3-year correlation. The last year tells two different stories: LLY led by 29.8 percentage points, +31.4% for BMEZ against +61.2% for LLY. One caveat on sizing: LLY 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.
BMEZ vs LLY: side by side
| BMEZ (BlackRock Health Sciences Term Trust) | LLY (Lilly (Eli)) | |
|---|---|---|
| 1-year return | +31.4% | +61.2% |
| 5-year return | +0.9% | +369.2% |
| Volatility (ann.) | 16.5% | 36.6% |
| Beta vs S&P 500 | 0.63 | 0.57 |
| Max drawdown (3Y) | -18.3% | -34.5% |
| Market cap | $1.1B | $1,048.8B |
| P/E (trailing) | 6.7 | 40.0 |
| Dividend yield | 0.00% | 0.54% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BMEZ | LLY |
|---|---|---|
| 2022 | -32.7% | +34.3% |
| 2023 | +5.1% | +60.9% |
| 2024 | +9.5% | +33.3% |
| 2025 | +18.7% | +40.2% |
| 2026 | +20.6% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMEZ and LLY good diversifiers for each other?
Reasonably. At 0.39, BMEZ and LLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BMEZ and LLY?
The BMEZ/LLY correlation stands at 0.39 on a 3-year window (1 year: 0.38, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is LLY a good diversifier for BMEZ?
Reasonably. At 0.39, BMEZ and LLY 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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Related comparisons
Hubs: BMEZ correlations · LLY correlations
