BAC vs MET: Correlation
How closely do Bank of America (BAC) and MetLife (MET) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and MET?
Across a 3-year window, the weekly returns of BAC and MET correlate at 0.70, strong. The link has loosened recently: the 1-year correlation (0.54) runs below the 3-year figure (0.70). Stretching to 5 years gives 0.73, with an annualized covariance of 429.6 %².
Among the 45 assets we track against BAC, MET ranks #22 by 3-year correlation. Their 12-month results are close: +24.1% for BAC against +22.1% for MET. The rolling one-year correlation moved between 0.55 and 0.82 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.
BAC vs MET: side by side
| BAC (Bank of America) | MET (MetLife) | |
|---|---|---|
| 1-year return | +24.1% | +22.1% |
| 5-year return | +66.0% | +80.8% |
| Volatility (ann.) | 26.5% | 23.3% |
| Beta vs S&P 500 | 1.11 | 0.89 |
| Max drawdown (3Y) | -27.5% | -22.0% |
| Market cap | $427.7B | $61.2B |
| P/E (trailing) | 14.1 | 18.5 |
| Dividend yield | 1.80% | 2.38% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BAC | MET |
|---|---|---|
| 2022 | -23.8% | +19.2% |
| 2023 | +4.8% | -5.5% |
| 2024 | +33.9% | +27.7% |
| 2025 | +28.0% | -0.8% |
| 2026 | +12.4% | +24.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and MET good diversifiers for each other?
Only partially. A correlation of 0.70 means BAC and MET 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 BAC and MET?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.54 over the last year and 0.73 over 5 years.
Is MET a good diversifier for BAC?
Only partially. A correlation of 0.70 means BAC and MET share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
A reading of 0.70 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/bac-vs-met.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bac-vs-met/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAC correlations · MET correlations
