BBT vs SPY: Correlation
Beacon Financial Corporation (BBT) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBT and SPY?
Across a 3-year window, the weekly returns of BBT and SPY correlate at 0.36, moderate. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.36). Stretching to 5 years gives 0.44, with an annualized covariance of 152.6 %².
Out of 14 assets tracked against BBT, SPY lands near the bottom at #10. Neither side won the trailing year by much: +24.4% against +20.6%. Note the risk asymmetry: BBT runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BBT vs SPY: side by side
| BBT (Beacon Financial Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +24.4% | +20.6% |
| 5-year return | +46.9% | +82.4% |
| Volatility (ann.) | 29.2% | 14.5% |
| Beta vs S&P 500 | 0.73 | 1.00 |
| Max drawdown (3Y) | -26.4% | -18.8% |
| Market cap | $2.6B | – |
| P/E (trailing) | 10.3 | – |
| Dividend yield | 4.07% | 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 | BBT | SPY |
|---|---|---|
| 2022 | +7.2% | -18.2% |
| 2023 | -14.3% | +26.2% |
| 2024 | +17.9% | +24.9% |
| 2025 | -4.2% | +17.7% |
| 2026 | +23.5% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBT and SPY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BBT and SPY?
The BBT/SPY correlation stands at 0.36 on a 3-year window (1 year: 0.05, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for BBT?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BBT correlations · SPY correlations
