BMEZ vs SRPT: Correlation
Measured on weekly returns over the past three years, BlackRock Health Sciences Term Trust (BMEZ) and Sarepta Therapeutics, Inc. (SRPT) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMEZ and SRPT?
Across a 3-year window, the weekly returns of BMEZ and SRPT correlate at 0.38, moderate. The past 12 months show a tighter link (0.57) than the 3-year average (0.38). Stretching to 5 years gives 0.37, with an annualized covariance of 475.0 %².
SRPT is close to the least connected end of BMEZ's tracked universe, ranking #19 of 23. The trailing year gives BMEZ the advantage: +31.4% versus +19.5%, a 11.9-point spread. Note the risk asymmetry: SRPT runs 4.6 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.
BMEZ vs SRPT: side by side
| BMEZ (BlackRock Health Sciences Term Trust) | SRPT (Sarepta Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +31.4% | +19.5% |
| 5-year return | +0.9% | -71.5% |
| Volatility (ann.) | 16.5% | 75.7% |
| Beta vs S&P 500 | 0.63 | 1.09 |
| Max drawdown (3Y) | -18.3% | -92.7% |
| Market cap | $1.1B | $2.3B |
| P/E (trailing) | 6.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMEZ | SRPT |
|---|---|---|
| 2022 | -32.7% | +43.9% |
| 2023 | +5.1% | -25.6% |
| 2024 | +9.5% | +26.1% |
| 2025 | +18.7% | -82.3% |
| 2026 | +20.6% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMEZ and SRPT good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BMEZ and SRPT?
As of 2026-08-27, the correlation of weekly returns between BMEZ and SRPT is 0.38 over 3 years, 0.57 over 1 year and 0.37 over 5 years.
Is SRPT a good diversifier for BMEZ?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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 · SRPT correlations
