BYFC vs SPY: Correlation
How closely do Broadway Financial Corporation (BYFC) and SPDR S&P 500 ETF Trust (SPY) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BYFC and SPY?
Across a 3-year window, the weekly returns of BYFC and SPY correlate at 0.26, weak. Little has changed lately, as the 1-year reading of 0.17 lands near the 3-year figure. Stretching to 5 years gives 0.26, with an annualized covariance of 180.7 %².
Out of 12 assets tracked against BYFC, SPY lands near the bottom at #8. The last year tells two different stories: BYFC led by 34.2 percentage points, +54.8% for BYFC against +20.6% for SPY. Risk is not evenly split, since BYFC carries 3.3 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.
BYFC vs SPY: side by side
| BYFC (Broadway Financial Corporation) | SPY (SPDR S&P 500 ETF Trust) | |
|---|---|---|
| 1-year return | +54.8% | +20.6% |
| 5-year return | -59.2% | +82.4% |
| Volatility (ann.) | 47.2% | 14.5% |
| Beta vs S&P 500 | 0.86 | 1.00 |
| Max drawdown (3Y) | -43.5% | -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 | BYFC | SPY |
|---|---|---|
| 2022 | -56.3% | -18.2% |
| 2023 | -16.0% | +26.2% |
| 2024 | +0.9% | +24.9% |
| 2025 | +8.0% | +17.7% |
| 2026 | +62.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BYFC and SPY good diversifiers for each other?
Reasonably. At 0.26, BYFC and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BYFC and SPY?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.17 over the last year and 0.26 over 5 years.
Is SPY a good diversifier for BYFC?
Reasonably. At 0.26, BYFC and SPY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 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: BYFC correlations · SPY correlations
