BTMD vs SLF: Correlation
Biote Corp. (BTMD) and Sun Life Financial Inc. (SLF) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BTMD and SLF?
Over the past 3 years, BTMD and SLF moved with a correlation of 0.37, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.48 versus 0.37 over 3 years. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 469.5 %².
Within BTMD's tracked universe of 11 assets, SLF comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SLF outperformed by 91.5 percentage points (-51.5% for BTMD against +40.0% for SLF). Note the risk asymmetry: BTMD runs 3.6 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.
BTMD vs SLF: side by side
| BTMD (Biote Corp.) | SLF (Sun Life Financial Inc.) | |
|---|---|---|
| 1-year return | -51.5% | +40.0% |
| 5-year return | -83.1% | +84.1% |
| Volatility (ann.) | 67.5% | 18.6% |
| Beta vs S&P 500 | 1.16 | 0.52 |
| Max drawdown (3Y) | -84.4% | -14.9% |
| Market cap | $0.1B | $43.8B |
| P/E (trailing) | 10.9 | 18.5 |
| Dividend yield | 0.00% | 4.66% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BTMD | SLF |
|---|---|---|
| 2022 | -61.9% | -12.9% |
| 2023 | +32.4% | +16.9% |
| 2024 | +25.1% | +19.5% |
| 2025 | -57.9% | +7.3% |
| 2026 | -37.3% | +29.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BTMD and SLF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BTMD and SLF?
The BTMD/SLF correlation stands at 0.37 on a 3-year window (1 year: 0.48, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is SLF a good diversifier for BTMD?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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: BTMD correlations · SLF correlations
