BNY vs DOGZ: Correlation
How closely do BNY Mellon (BNY) and Dogness (International) Corporation (DOGZ) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNY and DOGZ?
On 3 years of weekly data the BNY/DOGZ correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.09 over 1 year against -0.16 over 3. The 5-year figure is -0.13, and annualized covariance runs at -482.6 %².
Within BNY's tracked universe of 31 assets, DOGZ comes in at #25 by 3-year correlation. The last year tells two different stories: BNY led by 147.6 percentage points, +57.2% for BNY against -90.4% for DOGZ. Risk is not evenly split, since DOGZ carries 7.6 times the volatility of the other side.
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.
BNY vs DOGZ: side by side
| BNY (BNY Mellon) | DOGZ (Dogness (International) Corporation) | |
|---|---|---|
| 1-year return | +57.2% | -90.4% |
| 5-year return | +236.7% | -97.9% |
| Volatility (ann.) | 20.2% | 153.8% |
| Beta vs S&P 500 | 0.89 | 0.09 |
| Max drawdown (3Y) | -17.6% | -98.5% |
| Market cap | $110.1B | – |
| P/E (trailing) | 19.0 | – |
| Dividend yield | 1.30% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BNY | DOGZ |
|---|---|---|
| 2022 | -19.1% | -88.3% |
| 2023 | +18.5% | -74.0% |
| 2024 | +51.9% | +793.7% |
| 2025 | +54.4% | -76.7% |
| 2026 | +41.5% | -90.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNY and DOGZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between BNY and DOGZ?
As of 2026-08-27, the correlation of weekly returns between BNY and DOGZ is -0.16 over 3 years, -0.09 over 1 year and -0.13 over 5 years.
Is DOGZ a good diversifier for BNY?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
A reading of -0.16 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: BNY correlations · DOGZ correlations
