BNL vs GTY: Correlation
How closely do Bro (BNL) and Getty Realty Corporation (GTY) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNL and GTY?
Over the past 3 years, BNL and GTY moved with a correlation of 0.72, which is strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 284.1 %².
In BNL's tracked universe of 13 assets, GTY sits right near the top at #1. Their 12-month results are close: +22.4% for BNL against +23.2% for GTY.
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.
BNL vs GTY: side by side
| BNL (Bro) | GTY (Getty Realty Corporation) | |
|---|---|---|
| 1-year return | +22.4% | +23.2% |
| 5-year return | +7.7% | +40.7% |
| Volatility (ann.) | 21.0% | 18.8% |
| Beta vs S&P 500 | 0.31 | 0.13 |
| Max drawdown (3Y) | -19.5% | -17.9% |
| Market cap | $4.5B | $2.0B |
| P/E (trailing) | 28.2 | 20.2 |
| Dividend yield | 5.47% | 5.79% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNL | GTY |
|---|---|---|
| 2022 | -30.8% | +11.7% |
| 2023 | +14.0% | -8.8% |
| 2024 | -1.1% | +9.9% |
| 2025 | +17.3% | -2.9% |
| 2026 | +25.3% | +24.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNL and GTY good diversifiers for each other?
Only partially. A correlation of 0.72 means BNL and GTY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BNL and GTY?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.75 over the last year and 0.69 over 5 years.
Is GTY a good diversifier for BNL?
Only partially. A correlation of 0.72 means BNL and GTY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.72 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/bnl-vs-gty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bnl-vs-gty/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BNL correlations · GTY correlations
