ADP vs BR: Correlation
How closely do Automatic Data Processing (ADP) and Broadridge Financial Solutions (BR) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADP and BR?
On 3 years of weekly data the ADP/BR correlation comes out at 0.60, strong. Lately the two have moved closer together, with the 1-year correlation at 0.72 versus 0.60 over 3 years. The 5-year figure is 0.62, and annualized covariance runs at 295.7 %².
Among the 43 assets we track against ADP, BR ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ADP ahead by 24.1 points (-3.5% versus -27.6%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.19 to 0.76.
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.
ADP vs BR: side by side
| ADP (Automatic Data Processing) | BR (Broadridge Financial Solutions) | |
|---|---|---|
| 1-year return | -3.5% | -27.6% |
| 5-year return | +52.0% | +16.0% |
| Volatility (ann.) | 21.7% | 22.6% |
| Beta vs S&P 500 | 0.53 | 0.65 |
| Max drawdown (3Y) | -40.8% | -48.2% |
| Market cap | $113.1B | $20.9B |
| P/E (trailing) | 26.0 | 18.9 |
| Dividend yield | 2.36% | 2.15% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | ADP | BR |
|---|---|---|
| 2022 | -1.3% | -25.3% |
| 2023 | -0.2% | +56.2% |
| 2024 | +28.4% | +11.7% |
| 2025 | -10.2% | +0.3% |
| 2026 | +12.4% | -17.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADP and BR good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADP and BR?
The ADP/BR correlation stands at 0.60 on a 3-year window (1 year: 0.72, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is BR a good diversifier for ADP?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adp-vs-br.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adp-vs-br/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADP correlations · BR correlations
