BNY vs USAR: Correlation
BNY Mellon (BNY) and USA Rare Earth, Inc. (USAR) show a negative relationship: their 3-year correlation of weekly returns is -0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNY and USAR?
On 3 years of weekly data the BNY/USAR correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.03) runs above the 3-year figure (-0.14). The 5-year figure is n/a, and annualized covariance runs at -274.7 %².
Among the 31 assets we track against BNY, USAR ranks #22 by 3-year correlation. The last year tells two different stories: BNY led by 34.5 percentage points, +57.2% for BNY against +22.7% for USAR. Risk is not evenly split, since USAR carries 4.9 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 USAR: side by side
| BNY (BNY Mellon) | USAR (USA Rare Earth, Inc.) | |
|---|---|---|
| 1-year return | +57.2% | +22.7% |
| 5-year return | +236.7% | n/a |
| Volatility (ann.) | 20.2% | 98.3% |
| Beta vs S&P 500 | 0.89 | -0.14 |
| Max drawdown (3Y) | -17.6% | -69.2% |
| Market cap | $110.1B | $4.7B |
| P/E (trailing) | 19.0 | – |
| Dividend yield | 1.30% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BNY | USAR |
|---|---|---|
| 2022 | -19.1% | – |
| 2023 | +18.5% | – |
| 2024 | +51.9% | +11.1% |
| 2025 | +54.4% | +3.7% |
| 2026 | +41.5% | +61.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNY and USAR good diversifiers for each other?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BNY and USAR?
As of 2026-08-27, the correlation of weekly returns between BNY and USAR is -0.14 over 3 years, -0.03 over 1 year and n/a over 5 years.
Is USAR a good diversifier for BNY?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.14 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/bny-vs-usar.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bny-vs-usar/)
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Related comparisons
Hubs: BNY correlations · USAR correlations
