BJ vs SPGI: Correlation
Measured on weekly returns over the past three years, BJ's Wholesale Club Holdings, Inc. (BJ) and S&P Global (SPGI) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJ and SPGI?
Across a 3-year window, the weekly returns of BJ and SPGI correlate at -0.15, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. Stretching to 5 years gives 0.02, with an annualized covariance of -100.9 %².
By 3-year correlation, SPGI places #10 of the 43 assets tracked against BJ. The trailing year gives BJ the advantage: -6.9% versus -15.6%, a 8.7-point spread.
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.
BJ vs SPGI: side by side
| BJ (BJ's Wholesale Club Holdings, Inc.) | SPGI (S&P Global) | |
|---|---|---|
| 1-year return | -6.9% | -15.6% |
| 5-year return | +59.5% | +8.1% |
| Volatility (ann.) | 26.4% | 24.7% |
| Beta vs S&P 500 | -0.14 | 0.86 |
| Max drawdown (3Y) | -30.1% | -30.5% |
| Market cap | $11.4B | $128.4B |
| P/E (trailing) | 20.4 | 26.6 |
| Dividend yield | 0.00% | 0.88% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BJ | SPGI |
|---|---|---|
| 2022 | -1.2% | -28.4% |
| 2023 | +0.8% | +32.8% |
| 2024 | +34.0% | +13.9% |
| 2025 | +0.8% | +5.7% |
| 2026 | +0.5% | -11.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJ and SPGI good diversifiers for each other?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BJ and SPGI?
The BJ/SPGI correlation stands at -0.15 on a 3-year window (1 year: -0.24, 5 years: 0.02), computed from weekly returns as of 2026-08-27.
Is SPGI a good diversifier for BJ?
Yes: at -0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.15 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/bj-vs-spgi.json
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Hubs: BJ correlations · SPGI correlations
