PFE vs TECH: Correlation
Measured on weekly returns over the past three years, Pfizer (PFE) and Bio-Techne (TECH) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFE and TECH?
Across a 3-year window, the weekly returns of PFE and TECH correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.35, with an annualized covariance of 410.0 %².
Among the 32 assets we track against PFE, TECH ranks #17 by 3-year correlation. Over the last 12 months TECH came out ahead by 10.0 percentage points (+19.6% against +29.6%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.07 to 0.66. Risk is not evenly split, since TECH carries 1.8 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.
PFE vs TECH: side by side
| PFE (Pfizer) | TECH (Bio-Techne) | |
|---|---|---|
| 1-year return | +19.6% | +29.6% |
| 5-year return | -21.9% | -41.4% |
| Volatility (ann.) | 23.8% | 41.9% |
| Beta vs S&P 500 | 0.40 | 0.90 |
| Max drawdown (3Y) | -34.8% | -48.1% |
| Market cap | $159.7B | $11.4B |
| P/E (trailing) | 37.4 | 62.5 |
| Dividend yield | 6.08% | 0.44% |
| Sector / category | Health Care | Health Care |
Year-by-year returns
| Year | PFE | TECH |
|---|---|---|
| 2022 | -10.4% | -35.7% |
| 2023 | -41.3% | -6.5% |
| 2024 | -2.2% | -6.2% |
| 2025 | +0.6% | -17.9% |
| 2026 | +18.3% | +23.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFE and TECH good diversifiers for each other?
Reasonably. At 0.41, PFE and TECH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PFE and TECH?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.38 over the last year and 0.35 over 5 years.
Is TECH a good diversifier for PFE?
Reasonably. At 0.41, PFE and TECH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pfe-vs-tech.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pfe-vs-tech/)
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Related comparisons
Hubs: PFE correlations · TECH correlations
