BCO vs SPYV: Correlation
Measured on weekly returns over the past three years, Brinks Company (The) (BCO) and SPDR Portfolio S&P 500 Value ETF (SPYV) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCO and SPYV?
On 3 years of weekly data the BCO/SPYV correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.46) sits close to the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 193.1 %².
By 3-year correlation, SPYV places #5 of the 12 assets tracked against BCO. The last year tells two different stories: SPYV led by 20.3 percentage points, -1.8% for BCO against +18.5% for SPYV. One caveat on sizing: BCO is 2.5 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.
BCO vs SPYV: side by side
| BCO (Brinks Company (The)) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | -1.8% | +18.5% |
| 5-year return | +48.9% | +73.5% |
| Volatility (ann.) | 30.5% | 12.1% |
| Beta vs S&P 500 | 0.85 | 0.70 |
| Max drawdown (3Y) | -31.9% | -17.5% |
| Market cap | $4.5B | – |
| P/E (trailing) | 25.8 | – |
| Dividend yield | 0.91% | 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 | BCO | SPYV |
|---|---|---|
| 2022 | -17.0% | -5.3% |
| 2023 | +65.9% | +22.2% |
| 2024 | +6.5% | +12.2% |
| 2025 | +27.2% | +13.2% |
| 2026 | -5.6% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCO and SPYV good diversifiers for each other?
To a limited degree. At 0.52 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 BCO and SPYV?
The BCO/SPYV correlation stands at 0.52 on a 3-year window (1 year: 0.46, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is SPYV a good diversifier for BCO?
To a limited degree. At 0.52 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 0.52 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bco-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bco-vs-spyv/)
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Related comparisons
Hubs: BCO correlations · SPYV correlations
