BNT vs PYT: Correlation
Measured on weekly returns over the past three years, Brookfield Wealth Solutions Ltd. Class A Exchangeable (BNT) and PPlus Tr GSC-2 Tr Ctf Fltg Rate (PYT) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNT and PYT?
Over the past 3 years, BNT and PYT moved with a correlation of 0.32, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.32 over 3 years. Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 87.4 %².
PYT is close to the least connected end of BNT's tracked universe, ranking #25 of 28. Over the last 12 months PYT came out ahead by 9.6 percentage points (-4.5% against +5.1%). One caveat on sizing: BNT is 2.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BNT vs PYT: side by side
| BNT (Brookfield Wealth Solutions Ltd. Class A Exchangeable) | PYT (PPlus Tr GSC-2 Tr Ctf Fltg Rate) | |
|---|---|---|
| 1-year return | -4.5% | +5.1% |
| 5-year return | +3.6% | +19.5% |
| Volatility (ann.) | 28.1% | 9.7% |
| Beta vs S&P 500 | 1.44 | 0.15 |
| Max drawdown (3Y) | -27.6% | -6.1% |
| Market cap | $11.4B | – |
| P/E (trailing) | 50.0 | – |
| Dividend yield | 0.62% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNT | PYT |
|---|---|---|
| 2022 | -49.5% | -14.1% |
| 2023 | +30.1% | +10.8% |
| 2024 | +43.3% | +8.3% |
| 2025 | +20.6% | +8.2% |
| 2026 | -9.4% | +4.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNT and PYT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BNT and PYT?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.17 over the last year and 0.11 over 5 years.
Is PYT a good diversifier for BNT?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/bnt-vs-pyt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bnt-vs-pyt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BNT correlations · PYT correlations
