BNT vs. SPY
BNT (Brookfield Wealth Solutions Ltd) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, BNT returned 7.57%/yr vs 12.76%/yr for SPY. Their 0.70 correlation means they have sometimes moved together and sometimes differently.
Performance
BNT vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, BNT achieves a -5.70% return, which is significantly lower than SPY's 10.13% return.
BNT
- 1D
- 1.03%
- 1M
- -0.30%
- 6M
- -5.04%
- YTD
- -5.70%
- 1Y
- -0.25%
- 3Y*
- 24.49%
- 5Y*
- 7.57%
- 10Y*
- —
- ALL TIME*
- 7.90%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.08M | $993.40K | $1.04M | |
| $37.27B | $35.99B | $39.23B |
BNT vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BNT Brookfield Wealth Solutions Ltd | -5.70% | 20.72% | 43.26% | 30.12% | -41.52% | 18.69% |
SPY State Street SPDR S&P 500 ETF | 10.13% | 17.72% | 24.89% | 26.18% | -18.18% | 12.08% |
Correlation
The correlation between BNT and SPY is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2021 | 0.70 |
The correlation between BNT and SPY has been stable across timeframes, ranging from 0.67 to 0.71 - a consistent structural relationship.
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Return for Risk
BNT vs. SPY — Risk / Return Rank
BNT
SPY
BNT vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Wealth Solutions Ltd (BNT) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BNT | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.27 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 2.20 | -2.34 |
| Martin ratioReturn relative to average drawdown | -0.30 | 9.40 | -9.70 |
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Drawdowns
BNT vs. SPY - Drawdown Comparison
The maximum BNT drawdown since its inception was -47.07%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BNT and SPY.
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Drawdown Indicators
| BNT | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.07% | -55.19% | +8.12% |
Max Drawdown (1Y)Largest decline over 1 year | -18.80% | -8.88% | -9.92% |
Max Drawdown (3Y)Largest decline over 3 years | -27.64% | -18.76% | -8.88% |
Max Drawdown (5Y)Largest decline over 5 years | -47.07% | -24.50% | -22.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -12.64% | -1.40% | -11.24% |
Average DrawdownAverage peak-to-trough decline | -18.09% | -9.01% | -9.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.79% | 2.08% | +6.71% |
Volatility
BNT vs. SPY - Volatility Comparison
Brookfield Wealth Solutions Ltd (BNT) has a higher volatility of 5.80% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. This indicates that BNT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNT | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 3.58% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 21.06% | 10.14% | +10.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.94% | 12.89% | +15.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.34% | 17.18% | +14.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.65% | 17.95% | +14.70% |
Dividends
BNT vs. SPY - Dividend Comparison
BNT's dividend yield for the trailing twelve months is around 0.60%, less than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNT Brookfield Wealth Solutions Ltd | 0.60% | 0.52% | 0.56% | 0.69% | 20.51% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.01% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
BNT and SPY have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNT has higher volatility (5.80%) compared to SPY (3.58%). In terms of maximum drawdown, BNT dropped -47.07% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.52 vs -0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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