BMY vs EIG: Correlation
Measured on weekly returns over the past three years, Bristol Myers Squibb (BMY) and Employers Holdings Inc (EIG) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMY and EIG?
Across a 3-year window, the weekly returns of BMY and EIG correlate at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 252.5 %².
By 3-year correlation, EIG places #13 of the 31 assets tracked against BMY. Correlation aside, the last 12 months split them widely, with BMY ahead by 30.6 points (+47.3% versus +16.7%).
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 EIG: side by side
| BMY (Bristol Myers Squibb) | EIG (Employers Holdings Inc) | |
|---|---|---|
| 1-year return | +47.3% | +16.7% |
| 5-year return | +22.3% | +43.2% |
| Volatility (ann.) | 27.8% | 22.8% |
| Beta vs S&P 500 | 0.20 | 0.32 |
| Max drawdown (3Y) | -34.1% | -31.3% |
| Market cap | $136.8B | $0.9B |
| P/E (trailing) | 14.9 | 62.1 |
| Dividend yield | 3.71% | 2.64% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | BMY | EIG |
|---|---|---|
| 2022 | +19.0% | +12.6% |
| 2023 | -26.1% | -6.1% |
| 2024 | +15.8% | +33.4% |
| 2025 | +0.1% | -13.3% |
| 2026 | +28.3% | +16.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMY and EIG good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BMY and EIG?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.33 over the last year and 0.39 over 5 years.
Is EIG a good diversifier for BMY?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bmy-vs-eig.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bmy-vs-eig/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BMY correlations · EIG correlations
