AAMI vs BLK: Correlation
Measured on weekly returns over the past three years, Acadian Asset Management Inc. (AAMI) and BlackRock (BLK) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAMI and BLK?
Over the past 3 years, AAMI and BLK moved with a correlation of 0.59, which is moderate. Little has changed lately, as the 1-year reading of 0.57 lands near the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 484.8 %².
In AAMI's tracked universe of 12 assets, BLK sits right near the top at #1. Correlation aside, the last 12 months split them widely, with AAMI ahead by 87.6 points (+92.9% versus +5.3%).
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.
AAMI vs BLK: side by side
| AAMI (Acadian Asset Management Inc.) | BLK (BlackRock) | |
|---|---|---|
| 1-year return | +92.9% | +5.3% |
| 5-year return | +260.9% | +38.9% |
| Volatility (ann.) | 33.4% | 24.7% |
| Beta vs S&P 500 | 1.30 | 1.19 |
| Max drawdown (3Y) | -26.5% | -23.7% |
| Market cap | $3.5B | $189.7B |
| P/E (trailing) | 33.8 | 28.1 |
| Dividend yield | 0.32% | 1.86% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AAMI | BLK |
|---|---|---|
| 2022 | -19.4% | -20.4% |
| 2023 | -6.7% | +17.9% |
| 2024 | +37.7% | +29.3% |
| 2025 | +78.6% | +6.6% |
| 2026 | +107.7% | +10.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAMI and BLK good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AAMI and BLK?
The AAMI/BLK correlation stands at 0.59 on a 3-year window (1 year: 0.57, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is BLK a good diversifier for AAMI?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aami-vs-blk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aami-vs-blk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AAMI correlations · BLK correlations
