BSVN vs SPY: Correlation
Bank7 Corp. (BSVN) and SPDR S&P 500 ETF Trust (SPY) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSVN and SPY?
On 3 years of weekly data the BSVN/SPY correlation comes out at 0.38, moderate. The past 12 months show a weaker link (0.11) than the 3-year average (0.38). The 5-year figure is 0.35, and annualized covariance runs at 165.7 %².
Among the 10 assets we track against BSVN, SPY sits near the bottom by co-movement, at rank #6. Over the last 12 months SPY came out ahead by 13.0 percentage points (+7.6% against +20.6%). Risk is not evenly split, since BSVN carries 2.1 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.
BSVN vs SPY: side by side
| BSVN (Bank7 Corp.) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +7.6% | +20.6% |
| 5-year return | +168.5% | +82.4% |
| Volatility (ann.) | 30.4% | 14.5% |
| Beta vs S&P 500 | 0.79 | 1.00 |
| Max drawdown (3Y) | -27.7% | -18.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 2.09% | 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 | BSVN | SPY |
|---|---|---|
| 2022 | +13.7% | -18.2% |
| 2023 | +10.0% | +26.2% |
| 2024 | +75.3% | +24.9% |
| 2025 | -10.0% | +17.7% |
| 2026 | +29.4% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSVN and SPY good diversifiers for each other?
Reasonably. At 0.38, BSVN and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BSVN and SPY?
The BSVN/SPY correlation stands at 0.38 on a 3-year window (1 year: 0.11, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is SPY a good diversifier for BSVN?
Reasonably. At 0.38, BSVN and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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: BSVN correlations · SPY correlations
