AMP vs BNY: Correlation
Measured on weekly returns over the past three years, Ameriprise Financial (AMP) and BNY Mellon (BNY) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and BNY?
On 3 years of weekly data the AMP/BNY correlation comes out at 0.69, strong. Lately the two have drifted apart, with the 1-year correlation at 0.55 versus 0.69 over 3 years. The 5-year figure is 0.72, and annualized covariance runs at 347.4 %².
Among the 34 assets we track against AMP, BNY ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BNY ahead by 48.5 points (+8.7% versus +57.2%). The rolling one-year correlation moved between 0.51 and 0.85 over the past three years, a moderate range.
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.
AMP vs BNY: side by side
| AMP (Ameriprise Financial) | BNY (BNY Mellon) | |
|---|---|---|
| 1-year return | +8.7% | +57.2% |
| 5-year return | +119.2% | +236.7% |
| Volatility (ann.) | 25.0% | 20.2% |
| Beta vs S&P 500 | 1.09 | 0.89 |
| Max drawdown (3Y) | -26.4% | -17.6% |
| Market cap | $49.1B | $110.1B |
| P/E (trailing) | 13.5 | 19.0 |
| Dividend yield | 1.16% | 1.30% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AMP | BNY |
|---|---|---|
| 2022 | +5.0% | -19.1% |
| 2023 | +24.0% | +18.5% |
| 2024 | +42.1% | +51.9% |
| 2025 | -6.7% | +54.4% |
| 2026 | +14.5% | +41.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and BNY good diversifiers for each other?
Only partially. A correlation of 0.69 means AMP and BNY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AMP and BNY?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.55 over the last year and 0.72 over 5 years.
Is BNY a good diversifier for AMP?
Only partially. A correlation of 0.69 means AMP and BNY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amp-vs-bny.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amp-vs-bny/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMP correlations · BNY correlations
