BBGI vs SPY: Correlation
Beasley Broadcast Group, Inc. (BBGI) and SPDR S&P 500 ETF Trust (SPY) show a weak relationship: their 3-year correlation of weekly returns is 0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBGI and SPY?
Over the past 3 years, BBGI and SPY moved with a correlation of 0.16, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.30 versus 0.16 over 3 years. Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 404.8 %².
Among the 22 assets we track against BBGI, SPY ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BBGI ahead by 308.2 points (+328.8% versus +20.6%). Risk is not evenly split, since BBGI carries 12.3 times the volatility of the other side.
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.
BBGI vs SPY: side by side
| BBGI (Beasley Broadcast Group, Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +328.8% | +20.6% |
| 5-year return | -61.6% | +82.4% |
| Volatility (ann.) | 178.9% | 14.5% |
| Beta vs S&P 500 | 1.94 | 1.00 |
| Max drawdown (3Y) | -85.2% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | BBGI | SPY |
|---|---|---|
| 2022 | -51.6% | -18.2% |
| 2023 | -4.3% | +26.2% |
| 2024 | -46.5% | +24.9% |
| 2025 | -46.8% | +17.7% |
| 2026 | +293.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBGI and SPY good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between BBGI and SPY?
The BBGI/SPY correlation stands at 0.16 on a 3-year window (1 year: 0.30, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for BBGI?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
On the −1 to +1 scale, 0.16 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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Related comparisons
Hubs: BBGI correlations · SPY correlations
