BMY vs KNSL: Correlation
Bristol Myers Squibb (BMY) and Kinsale Capital Group, Inc. (KNSL) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMY and KNSL?
Over the past 3 years, BMY and KNSL moved with a correlation of 0.40, which is moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 412.3 %².
Within BMY's tracked universe of 31 assets, KNSL comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BMY outperformed by 63.2 percentage points (+47.3% for BMY against -15.9% for KNSL).
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 KNSL: side by side
| BMY (Bristol Myers Squibb) | KNSL (Kinsale Capital Group, Inc.) | |
|---|---|---|
| 1-year return | +47.3% | -15.9% |
| 5-year return | +22.3% | +110.8% |
| Volatility (ann.) | 27.8% | 37.5% |
| Beta vs S&P 500 | 0.20 | 0.36 |
| Max drawdown (3Y) | -34.1% | -46.8% |
| Market cap | $136.8B | $8.7B |
| P/E (trailing) | 14.9 | 15.7 |
| Dividend yield | 3.71% | 0.22% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | BMY | KNSL |
|---|---|---|
| 2022 | +19.0% | +10.2% |
| 2023 | -26.1% | +28.3% |
| 2024 | +15.8% | +39.1% |
| 2025 | +0.1% | -15.8% |
| 2026 | +28.3% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMY and KNSL good diversifiers for each other?
Reasonably. At 0.40, BMY and KNSL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BMY and KNSL?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.38 over the last year and 0.39 over 5 years.
Is KNSL a good diversifier for BMY?
Reasonably. At 0.40, BMY and KNSL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BMY correlations · KNSL correlations
