BRCC vs SPY: Correlation
Measured on weekly returns over the past three years, BRC Inc. (BRCC) and SPDR S&P 500 ETF Trust (SPY) carry a correlation of 0.06, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRCC and SPY?
On 3 years of weekly data the BRCC/SPY correlation comes out at 0.06, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.05) sits close to the 3-year figure. The 5-year figure is 0.06, and annualized covariance runs at 429.0 %².
Among the 20 assets we track against BRCC, SPY ranks #14 by 3-year correlation. The last year tells two different stories: BRCC led by 399.9 percentage points, +420.5% for BRCC against +20.6% for SPY. Note the risk asymmetry: BRCC runs 34.3 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.
BRCC vs SPY: side by side
| BRCC (BRC Inc.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +420.5% | +20.6% |
| 5-year return | -46.4% | +82.4% |
| Volatility (ann.) | 497.7% | 14.5% |
| Beta vs S&P 500 | 2.05 | 1.00 |
| Max drawdown (3Y) | -90.8% | -18.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.01% |
| Expense ratio | – | 0.09% |
| Assets under management | – | $795.3B |
| Sector / category | US Listed | ETF · US Large Cap |
SPY is a Large Blend fund from State Street Investment Management: $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | BRCC | SPY |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | -40.6% | +26.2% |
| 2024 | -12.7% | +24.9% |
| 2025 | -65.0% | +17.7% |
| 2026 | +655.0% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRCC and SPY good diversifiers for each other?
Yes. With a correlation of 0.06, BRCC and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BRCC and SPY?
The BRCC/SPY correlation stands at 0.06 on a 3-year window (1 year: 0.05, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for BRCC?
Yes. With a correlation of 0.06, BRCC and SPY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.06 mean?
A reading of 0.06 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: BRCC correlations · SPY correlations
