BJ vs STT: Correlation
How closely do BJ's Wholesale Club Holdings, Inc. (BJ) and State Street Corporation (STT) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJ and STT?
Across a 3-year window, the weekly returns of BJ and STT correlate at -0.19, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.15 lands near the 3-year figure. Stretching to 5 years gives 0.08, with an annualized covariance of -116.0 %².
Among the 43 assets we track against BJ, STT ranks #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months STT outperformed by 79.6 percentage points (-6.9% for BJ against +72.7% for STT).
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 STT: side by side
| BJ (BJ's Wholesale Club Holdings, Inc.) | STT (State Street Corporation) | |
|---|---|---|
| 1-year return | -6.9% | +72.7% |
| 5-year return | +59.5% | +144.9% |
| Volatility (ann.) | 26.4% | 22.9% |
| Beta vs S&P 500 | -0.14 | 0.97 |
| Max drawdown (3Y) | -30.1% | -25.7% |
| Market cap | $11.4B | $53.1B |
| P/E (trailing) | 20.4 | 17.1 |
| Dividend yield | 0.00% | 1.74% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BJ | STT |
|---|---|---|
| 2022 | -1.2% | -13.8% |
| 2023 | +0.8% | +3.5% |
| 2024 | +34.0% | +30.2% |
| 2025 | +0.8% | +35.5% |
| 2026 | +0.5% | +52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJ and STT good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between BJ and STT?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.15 over the last year and 0.08 over 5 years.
Is STT a good diversifier for BJ?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BJ correlations · STT correlations
