BMY vs INCY: Correlation
Measured on weekly returns over the past three years, Bristol Myers Squibb (BMY) and Incyte (INCY) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMY and INCY?
On 3 years of weekly data the BMY/INCY correlation comes out at 0.42, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.42 over 3 years. The 5-year figure is 0.43, and annualized covariance runs at 389.4 %².
Within BMY's tracked universe of 31 assets, INCY comes in at #8 by 3-year correlation. Neither side won the trailing year by much: +47.3% against +50.6%. On a rolling one-year basis the correlation drifted between 0.25 and 0.57, a moderate band.
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 INCY: side by side
| BMY (Bristol Myers Squibb) | INCY (Incyte) | |
|---|---|---|
| 1-year return | +47.3% | +50.6% |
| 5-year return | +22.3% | +68.0% |
| Volatility (ann.) | 27.8% | 33.1% |
| Beta vs S&P 500 | 0.20 | 0.45 |
| Max drawdown (3Y) | -34.1% | -33.8% |
| Market cap | $136.8B | $25.9B |
| P/E (trailing) | 14.9 | 16.3 |
| Dividend yield | 3.71% | 0.00% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | BMY | INCY |
|---|---|---|
| 2022 | +19.0% | +9.4% |
| 2023 | -26.1% | -21.8% |
| 2024 | +15.8% | +10.0% |
| 2025 | +0.1% | +43.0% |
| 2026 | +28.3% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMY and INCY good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BMY and INCY?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.56 over the last year and 0.43 over 5 years.
Is INCY a good diversifier for BMY?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
On the −1 to +1 scale, 0.42 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
$ curl https://www.pairbook.io/api/v1/pairs/bmy-vs-incy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bmy-vs-incy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BMY correlations · INCY correlations
