BVS vs JLL: Correlation
How closely do Bioventus Inc. (BVS) and Jones Lang LaSalle Incorporated (JLL) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BVS and JLL?
On 3 years of weekly data the BVS/JLL correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 916.3 %².
In BVS's tracked universe of 11 assets, JLL sits right near the top at #1. Correlation aside, the last 12 months split them widely, with BVS ahead by 60.3 points (+84.1% versus +23.8%). One caveat on sizing: BVS is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BVS vs JLL: side by side
| BVS (Bioventus Inc.) | JLL (Jones Lang LaSalle Incorporated) | |
|---|---|---|
| 1-year return | +84.1% | +23.8% |
| 5-year return | -6.2% | +55.9% |
| Volatility (ann.) | 52.7% | 34.9% |
| Beta vs S&P 500 | 0.89 | 1.30 |
| Max drawdown (3Y) | -55.2% | -30.6% |
| Market cap | $0.9B | $17.4B |
| P/E (trailing) | 17.9 | 18.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BVS | JLL |
|---|---|---|
| 2022 | -82.0% | -40.8% |
| 2023 | +101.9% | +18.5% |
| 2024 | +99.2% | +34.0% |
| 2025 | -29.1% | +32.9% |
| 2026 | +85.3% | +12.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BVS and JLL good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BVS and JLL?
The BVS/JLL correlation stands at 0.50 on a 3-year window (1 year: 0.41, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is JLL a good diversifier for BVS?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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.
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Related comparisons
Hubs: BVS correlations · JLL correlations
