BBUC vs SPYV: Correlation
Brookfield Business Corporation Class A Subordinate Voting (BBUC) and SPDR Portfolio S&P 500 Value ETF (SPYV) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBUC and SPYV?
On 3 years of weekly data the BBUC/SPYV correlation comes out at 0.62, strong. Lately the two have drifted apart, with the 1-year correlation at 0.39 versus 0.62 over 3 years. The 5-year figure is 0.58, and annualized covariance runs at 312.5 %².
By 3-year correlation, SPYV places #5 of the 13 assets tracked against BBUC. The last year tells two different stories: SPYV led by 37.8 percentage points, -19.3% for BBUC against +18.5% for SPYV. One caveat on sizing: BBUC is 3.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BBUC vs SPYV: side by side
| BBUC (Brookfield Business Corporation Class A Subordinate Voting) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | -19.3% | +18.5% |
| 5-year return | -20.8% | +73.5% |
| Volatility (ann.) | 41.8% | 12.1% |
| Beta vs S&P 500 | 1.45 | 0.70 |
| Max drawdown (3Y) | -29.3% | -17.5% |
| Market cap | $5.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.89% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | US Listed | ETF · US Style |
SPYV, State Street Investment Management's Large Value fund, carries $36.2B under management, 438 holdings, a 0.04% expense ratio, a 1.69% trailing dividend yield.
Year-by-year returns
| Year | BBUC | SPYV |
|---|---|---|
| 2022 | – | -5.3% |
| 2023 | +25.6% | +22.2% |
| 2024 | +5.4% | +12.2% |
| 2025 | +48.8% | +13.2% |
| 2026 | -21.9% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBUC and SPYV good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BBUC and SPYV?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.39 over the last year and 0.58 over 5 years.
Is SPYV a good diversifier for BBUC?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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/bbuc-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bbuc-vs-spyv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBUC correlations · SPYV correlations
