BEN vs SPYV: Correlation
Franklin Resources (BEN) 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 BEN and SPYV?
Across a 3-year window, the weekly returns of BEN and SPYV correlate at 0.62, strong. Recent behaviour matches the longer record: 0.57 over 1 year against 0.62 over 3. Stretching to 5 years gives 0.69, with an annualized covariance of 211.2 %².
Within BEN's tracked universe of 28 assets, SPYV comes in at #6 by 3-year correlation. The last year tells two different stories: BEN led by 24.5 percentage points, +43.0% for BEN against +18.5% for SPYV. On a rolling one-year basis the correlation drifted between 0.55 and 0.81, a moderate band. Note the risk asymmetry: BEN runs 2.3 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.
BEN vs SPYV: side by side
| BEN (Franklin Resources) | SPYV (SPDR Portfolio S&P 500 Value ETF) | |
|---|---|---|
| 1-year return | +43.0% | +18.5% |
| 5-year return | +37.6% | +73.5% |
| Volatility (ann.) | 27.9% | 12.1% |
| Beta vs S&P 500 | 1.01 | 0.70 |
| Max drawdown (3Y) | -40.0% | -17.5% |
| Market cap | $17.7B | – |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 3.74% | 1.69% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $36.2B |
| Sector / category | Financials | 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 | BEN | SPYV |
|---|---|---|
| 2022 | -17.5% | -5.3% |
| 2023 | +17.0% | +22.2% |
| 2024 | -27.2% | +12.2% |
| 2025 | +24.8% | +13.2% |
| 2026 | +49.4% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEN 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 BEN and SPYV?
As of 2026-08-27, the correlation of weekly returns between BEN and SPYV is 0.62 over 3 years, 0.57 over 1 year and 0.69 over 5 years.
Is SPYV a good diversifier for BEN?
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/ben-vs-spyv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ben-vs-spyv/)
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Related comparisons
Hubs: BEN correlations · SPYV correlations
