BAC vs BBY: Correlation
How closely do Bank of America (BAC) and Best Buy (BBY) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and BBY?
Across a 3-year window, the weekly returns of BAC and BBY correlate at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.35 versus 0.47 over 3 years. Stretching to 5 years gives 0.47, with an annualized covariance of 472.0 %².
Among the 45 assets we track against BAC, BBY ranks #34 by 3-year correlation. On 12-month performance BAC holds a 7.2-point edge, +24.1% against +16.9%. The relationship is regime-dependent: the rolling one-year correlation swung between 0.21 and 0.71 over the past three years, so this pair behaves very differently depending on the market environment.
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.
BAC vs BBY: side by side
| BAC (Bank of America) | BBY (Best Buy) | |
|---|---|---|
| 1-year return | +24.1% | +16.9% |
| 5-year return | +66.0% | -11.2% |
| Volatility (ann.) | 26.5% | 37.6% |
| Beta vs S&P 500 | 1.11 | 0.97 |
| Max drawdown (3Y) | -27.5% | -44.3% |
| Market cap | $427.7B | – |
| P/E (trailing) | 14.1 | 16.2 |
| Dividend yield | 1.80% | 0.00% |
| Sector / category | Financials | Consumer Discretionary |
Year-by-year returns
| Year | BAC | BBY |
|---|---|---|
| 2022 | -23.8% | -17.5% |
| 2023 | +4.8% | +2.5% |
| 2024 | +33.9% | +14.4% |
| 2025 | +28.0% | -17.8% |
| 2026 | +12.4% | +28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and BBY good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BAC and BBY?
The BAC/BBY correlation stands at 0.47 on a 3-year window (1 year: 0.35, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is BBY a good diversifier for BAC?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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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Hubs: BAC correlations · BBY correlations
