CME vs TECH: Correlation
CME Group (CME) and Bio-Techne (TECH) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CME and TECH?
On 3 years of weekly data the CME/TECH correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.20). The 5-year figure is 0.03, and annualized covariance runs at -164.9 %².
Within CME's tracked universe of 47 assets, TECH comes in at #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TECH outperformed by 21.5 percentage points (+8.1% for CME against +29.6% for TECH). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.36 to 0.14. Risk is not evenly split, since TECH carries 2.1 times the volatility of the other side.
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.
CME vs TECH: side by side
| CME (CME Group) | TECH (Bio-Techne) | |
|---|---|---|
| 1-year return | +8.1% | +29.6% |
| 5-year return | +73.9% | -41.4% |
| Volatility (ann.) | 20.0% | 41.9% |
| Beta vs S&P 500 | 0.12 | 0.90 |
| Max drawdown (3Y) | -31.1% | -48.1% |
| Market cap | $101.0B | $11.4B |
| P/E (trailing) | 23.8 | 62.5 |
| Dividend yield | 1.82% | 0.44% |
| Sector / category | Financials | Health Care |
Year-by-year returns
| Year | CME | TECH |
|---|---|---|
| 2022 | -22.9% | -35.7% |
| 2023 | +31.3% | -6.5% |
| 2024 | +15.4% | -6.2% |
| 2025 | +19.8% | -17.9% |
| 2026 | +5.9% | +23.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CME and TECH good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CME and TECH?
The CME/TECH correlation stands at -0.20 on a 3-year window (1 year: -0.36, 5 years: 0.03), computed from weekly returns as of 2026-08-27.
Is TECH a good diversifier for CME?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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/cme-vs-tech.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cme-vs-tech/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CME correlations · TECH correlations
