ARMK vs BNY: Correlation
How closely do Aramark (ARMK) and BNY Mellon (BNY) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARMK and BNY?
Across a 3-year window, the weekly returns of ARMK and BNY correlate at 0.44, moderate. The link has loosened recently: the 1-year correlation (0.32) runs below the 3-year figure (0.44). Stretching to 5 years gives 0.48, with an annualized covariance of 231.3 %².
Within ARMK's tracked universe of 12 assets, BNY comes in at #4 by 3-year correlation. The trailing year gives BNY the advantage: +50.6% versus +57.2%, a 6.6-point spread.
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.
ARMK vs BNY: side by side
| ARMK (Aramark) | BNY (BNY Mellon) | |
|---|---|---|
| 1-year return | +50.6% | +57.2% |
| 5-year return | +152.4% | +236.7% |
| Volatility (ann.) | 25.7% | 20.2% |
| Beta vs S&P 500 | 0.61 | 0.89 |
| Max drawdown (3Y) | -27.6% | -17.6% |
| Market cap | $15.5B | $110.1B |
| P/E (trailing) | 41.8 | 19.0 |
| Dividend yield | 0.81% | 1.30% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ARMK | BNY |
|---|---|---|
| 2022 | +13.5% | -19.1% |
| 2023 | -4.7% | +18.5% |
| 2024 | +34.3% | +51.9% |
| 2025 | -0.1% | +54.4% |
| 2026 | +60.9% | +41.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARMK and BNY 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 ARMK and BNY?
The ARMK/BNY correlation stands at 0.44 on a 3-year window (1 year: 0.32, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is BNY a good diversifier for ARMK?
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?
On the −1 to +1 scale, 0.44 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
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Related comparisons
Hubs: ARMK correlations · BNY correlations
