BMA vs TDAY: Correlation
How closely do Banco Macro S.A. ADR (representing Ten Class B (BMA) and USA TODAY Co., Inc. (TDAY) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMA and TDAY?
Over the past 3 years, BMA and TDAY moved with a correlation of 0.38, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.38 over 3 years. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 1503.3 %².
Within BMA's tracked universe of 16 assets, TDAY comes in at #7 by 3-year correlation. The last year tells two different stories: TDAY led by 17.0 percentage points, +39.1% for BMA against +56.1% for TDAY.
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.
BMA vs TDAY: side by side
| BMA (Banco Macro S.A. ADR (representing Ten Class B) | TDAY (USA TODAY Co., Inc.) | |
|---|---|---|
| 1-year return | +39.1% | +56.1% |
| 5-year return | +460.4% | -0.3% |
| Volatility (ann.) | 68.3% | 58.6% |
| Beta vs S&P 500 | 1.06 | 0.79 |
| Max drawdown (3Y) | -65.9% | -54.6% |
| Market cap | $4.9B | $0.9B |
| P/E (trailing) | 19.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMA | TDAY |
|---|---|---|
| 2022 | +27.0% | -61.9% |
| 2023 | +91.6% | +13.3% |
| 2024 | +277.8% | +120.0% |
| 2025 | -6.2% | +1.8% |
| 2026 | -11.4% | +24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMA and TDAY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BMA and TDAY?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.55 over the last year and 0.30 over 5 years.
Is TDAY a good diversifier for BMA?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bma-vs-tday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bma-vs-tday/)
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Related comparisons
Hubs: BMA correlations · TDAY correlations
