BBUC vs VYM: Correlation
How closely do Brookfield Business Corporation Class A Subordinate Voting (BBUC) and Vanguard High Dividend Yield ETF (VYM) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBUC and VYM?
On 3 years of weekly data the BBUC/VYM correlation comes out at 0.63, strong. The past 12 months show a weaker link (0.39) than the 3-year average (0.63). The 5-year figure is 0.57, and annualized covariance runs at 323.0 %².
Few assets follow BBUC as closely as VYM, which ranks #2 of 13 tracked partners. Correlation aside, the last 12 months split them widely, with VYM ahead by 40.4 points (-19.3% versus +21.1%). Risk is not evenly split, since BBUC carries 3.4 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.
BBUC vs VYM: side by side
| BBUC (Brookfield Business Corporation Class A Subordinate Voting) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | -19.3% | +21.1% |
| 5-year return | -20.8% | +76.6% |
| Volatility (ann.) | 41.8% | 12.3% |
| Beta vs S&P 500 | 1.45 | 0.69 |
| Max drawdown (3Y) | -29.3% | -14.5% |
| Market cap | $5.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.89% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | US Listed | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | BBUC | VYM |
|---|---|---|
| 2022 | – | -0.4% |
| 2023 | +25.6% | +6.6% |
| 2024 | +5.4% | +17.6% |
| 2025 | +48.8% | +15.4% |
| 2026 | -21.9% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBUC and VYM good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BBUC and VYM?
The BBUC/VYM correlation stands at 0.63 on a 3-year window (1 year: 0.39, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is VYM a good diversifier for BBUC?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BBUC correlations · VYM correlations
