BAC vs PRU: Correlation
How closely do Bank of America (BAC) and Prudential Financial (PRU) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and PRU?
On 3 years of weekly data the BAC/PRU correlation comes out at 0.66, strong. The past 12 months show a weaker link (0.44) than the 3-year average (0.66). The 5-year figure is 0.72, and annualized covariance runs at 399.6 %².
By 3-year correlation, PRU places #24 of the 45 assets tracked against BAC. On 12-month performance BAC holds a 8.3-point edge, +24.1% against +15.8%. On a rolling one-year basis the correlation drifted between 0.44 and 0.82, a moderate band.
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 PRU: side by side
| BAC (Bank of America) | PRU (Prudential Financial) | |
|---|---|---|
| 1-year return | +24.1% | +15.8% |
| 5-year return | +66.0% | +45.1% |
| Volatility (ann.) | 26.5% | 23.0% |
| Beta vs S&P 500 | 1.11 | 0.79 |
| Max drawdown (3Y) | -27.5% | -25.7% |
| Market cap | $427.7B | $41.5B |
| P/E (trailing) | 14.1 | 10.9 |
| Dividend yield | 1.80% | 4.57% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BAC | PRU |
|---|---|---|
| 2022 | -23.8% | -3.9% |
| 2023 | +4.8% | +10.1% |
| 2024 | +33.9% | +19.5% |
| 2025 | +28.0% | +0.2% |
| 2026 | +12.4% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and PRU good diversifiers for each other?
Only partially. A correlation of 0.66 means BAC and PRU 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 PRU?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.44 over the last year and 0.72 over 5 years.
Is PRU a good diversifier for BAC?
Only partially. A correlation of 0.66 means BAC and PRU share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 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/bac-vs-pru.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: BAC correlations · PRU correlations
