BNY vs VTV: Correlation
Measured on weekly returns over the past three years, BNY Mellon (BNY) and Vanguard Value ETF (VTV) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNY and VTV?
Across a 3-year window, the weekly returns of BNY and VTV correlate at 0.71, strong. Lately the two have drifted apart, with the 1-year correlation at 0.58 versus 0.71 over 3 years. Stretching to 5 years gives 0.73, with an annualized covariance of 171.5 %².
Within BNY's tracked universe of 31 assets, VTV comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BNY ahead by 31.5 points (+57.2% versus +25.7%). Across three years, the rolling one-year figure varied moderately, from 0.52 to 0.85. Note the risk asymmetry: BNY runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VTV: side by side
| BNY (BNY Mellon) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +57.2% | +25.7% |
| 5-year return | +236.7% | +79.1% |
| Volatility (ann.) | 20.2% | 11.9% |
| Beta vs S&P 500 | 0.89 | 0.65 |
| Max drawdown (3Y) | -17.6% | -14.5% |
| Market cap | $110.1B | – |
| P/E (trailing) | 19.0 | – |
| Dividend yield | 1.30% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Financials | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | BNY | VTV |
|---|---|---|
| 2022 | -19.1% | -2.1% |
| 2023 | +18.5% | +9.3% |
| 2024 | +51.9% | +16.0% |
| 2025 | +54.4% | +15.3% |
| 2026 | +41.5% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.4% of VTV is BNY itself, so the fund partly moves with the stock by construction.
Are BNY and VTV good diversifiers for each other?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BNY and VTV?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.58 over the last year and 0.73 over 5 years.
Is VTV a good diversifier for BNY?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 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.
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Related comparisons
Hubs: BNY correlations · VTV correlations
