BNY vs VYM: Correlation
How closely do BNY Mellon (BNY) and Vanguard High Dividend Yield ETF (VYM) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNY and VYM?
On 3 years of weekly data the BNY/VYM correlation comes out at 0.73, strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 180.6 %².
Within BNY's tracked universe of 31 assets, VYM comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BNY ahead by 36.1 points (+57.2% versus +21.1%). Across three years, the rolling one-year figure varied moderately, from 0.56 to 0.85. Risk is not evenly split, since BNY carries 1.6 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 VYM: side by side
| BNY (BNY Mellon) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +57.2% | +21.1% |
| 5-year return | +236.7% | +76.6% |
| Volatility (ann.) | 20.2% | 12.3% |
| Beta vs S&P 500 | 0.89 | 0.69 |
| Max drawdown (3Y) | -17.6% | -14.5% |
| Market cap | $110.1B | – |
| P/E (trailing) | 19.0 | – |
| Dividend yield | 1.30% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | Financials | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | BNY | VYM |
|---|---|---|
| 2022 | -19.1% | -0.4% |
| 2023 | +18.5% | +6.6% |
| 2024 | +51.9% | +17.6% |
| 2025 | +54.4% | +15.4% |
| 2026 | +41.5% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
BNY represents 0.44% of VYM's portfolio, so part of any move in VYM is BNY itself, and the correlation between them is partly mechanical.
Are BNY and VYM good diversifiers for each other?
To a limited degree. At 0.73 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 VYM?
The BNY/VYM correlation stands at 0.73 on a 3-year window (1 year: 0.64, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is VYM a good diversifier for BNY?
To a limited degree. At 0.73 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 0.73 mean?
A reading of 0.73 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bny-vs-vym.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bny-vs-vym/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BNY correlations · VYM correlations
