BSX vs GEHC: Correlation
Measured on weekly returns over the past three years, Boston Scientific (BSX) and GE HealthCare (GEHC) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSX and GEHC?
On 3 years of weekly data the BSX/GEHC correlation comes out at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 388.9 %².
Within BSX's tracked universe of 33 assets, GEHC comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GEHC outperformed by 53.7 percentage points (-55.9% for BSX against -2.2% for GEHC). Across three years, the rolling one-year figure varied moderately, from 0.26 to 0.72.
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.
BSX vs GEHC: side by side
| BSX (Boston Scientific) | GEHC (GE HealthCare) | |
|---|---|---|
| 1-year return | -55.9% | -2.2% |
| 5-year return | +4.1% | n/a |
| Volatility (ann.) | 27.6% | 32.4% |
| Beta vs S&P 500 | 0.72 | 1.22 |
| Max drawdown (3Y) | -60.6% | -37.4% |
| Market cap | $67.6B | $32.7B |
| P/E (trailing) | 19.5 | 16.9 |
| Dividend yield | 0.00% | 0.19% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | BSX | GEHC |
|---|---|---|
| 2022 | +8.9% | – |
| 2023 | +24.9% | +32.6% |
| 2024 | +54.5% | +1.3% |
| 2025 | +6.8% | +5.1% |
| 2026 | -51.1% | -11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSX and GEHC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BSX and GEHC?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.40 over the last year and 0.41 over 5 years.
Is GEHC a good diversifier for BSX?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/bsx-vs-gehc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bsx-vs-gehc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BSX correlations · GEHC correlations
