BMY vs CRWD: Correlation
How closely do Bristol Myers Squibb (BMY) and CrowdStrike (CRWD) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMY and CRWD?
Over the past 3 years, BMY and CRWD moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.17 lands near the 3-year figure. Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -236.6 %².
Among the 31 assets we track against BMY, CRWD ranks #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CRWD ahead by 68.5 points (+47.3% versus +115.8%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.34 and 0.21 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: CRWD runs 1.8 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.
BMY vs CRWD: side by side
| BMY (Bristol Myers Squibb) | CRWD (CrowdStrike) | |
|---|---|---|
| 1-year return | +47.3% | +115.8% |
| 5-year return | +22.3% | +218.4% |
| Volatility (ann.) | 27.8% | 50.2% |
| Beta vs S&P 500 | 0.20 | 1.87 |
| Max drawdown (3Y) | -34.1% | -44.4% |
| Market cap | $136.8B | $233.4B |
| P/E (trailing) | 14.9 | 3256.6 |
| Dividend yield | 3.71% | 0.00% |
| Sector / category | Health Care | Information Technology |
Year-by-year returns
| Year | BMY | CRWD |
|---|---|---|
| 2022 | +19.0% | -48.6% |
| 2023 | -26.1% | +142.5% |
| 2024 | +15.8% | +34.0% |
| 2025 | +0.1% | +37.0% |
| 2026 | +28.3% | +94.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMY and CRWD good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BMY and CRWD?
As of 2026-08-27, the correlation of weekly returns between BMY and CRWD is -0.17 over 3 years, -0.17 over 1 year and -0.07 over 5 years.
Is CRWD a good diversifier for BMY?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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.
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Related comparisons
Hubs: BMY correlations · CRWD correlations
