BRKR vs TMO: Correlation
Bruker Corporation (BRKR) and Thermo Fisher Scientific (TMO) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRKR and TMO?
Across a 3-year window, the weekly returns of BRKR and TMO correlate at 0.63, strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.63 over 3. Stretching to 5 years gives 0.62, with an annualized covariance of 914.1 %².
Among the 13 assets we track against BRKR, TMO ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BRKR ahead by 47.6 points (+77.3% versus +29.7%). Note the risk asymmetry: BRKR runs 1.7 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.
BRKR vs TMO: side by side
| BRKR (Bruker Corporation) | TMO (Thermo Fisher Scientific) | |
|---|---|---|
| 1-year return | +77.3% | +29.7% |
| 5-year return | -32.8% | +14.5% |
| Volatility (ann.) | 49.5% | 29.4% |
| Beta vs S&P 500 | 1.17 | 0.74 |
| Max drawdown (3Y) | -68.7% | -37.3% |
| Market cap | $9.0B | $233.2B |
| P/E (trailing) | – | 34.1 |
| Dividend yield | 0.35% | 0.28% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BRKR | TMO |
|---|---|---|
| 2022 | -18.3% | -17.3% |
| 2023 | +7.8% | -3.4% |
| 2024 | -20.0% | -1.7% |
| 2025 | -19.2% | +11.8% |
| 2026 | +26.1% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRKR and TMO good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BRKR and TMO?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.66 over the last year and 0.62 over 5 years.
Is TMO a good diversifier for BRKR?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 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: BRKR correlations · TMO correlations
