AMG vs BLK: Correlation
How closely do Affiliated Managers Group, Inc. (AMG) and BlackRock (BLK) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMG and BLK?
Across a 3-year window, the weekly returns of AMG and BLK correlate at 0.56, moderate. The past 12 months show a weaker link (0.38) than the 3-year average (0.56). Stretching to 5 years gives 0.69, with an annualized covariance of 369.6 %².
Among the 13 assets we track against AMG, BLK ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AMG ahead by 57.4 points (+62.7% 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.
AMG vs BLK: side by side
| AMG (Affiliated Managers Group, Inc.) | BLK (BlackRock) | |
|---|---|---|
| 1-year return | +62.7% | +5.3% |
| 5-year return | +116.5% | +38.9% |
| Volatility (ann.) | 26.6% | 24.7% |
| Beta vs S&P 500 | 0.82 | 1.19 |
| Max drawdown (3Y) | -27.0% | -23.7% |
| Market cap | $9.6B | $189.7B |
| P/E (trailing) | 13.0 | 28.1 |
| Dividend yield | 0.01% | 1.86% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AMG | BLK |
|---|---|---|
| 2022 | -3.7% | -20.4% |
| 2023 | -4.4% | +17.9% |
| 2024 | +22.2% | +29.3% |
| 2025 | +55.9% | +6.6% |
| 2026 | +28.5% | +10.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMG and BLK good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMG and BLK?
As of 2026-08-27, the correlation of weekly returns between AMG and BLK is 0.56 over 3 years, 0.38 over 1 year and 0.69 over 5 years.
Is BLK a good diversifier for AMG?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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/amg-vs-blk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amg-vs-blk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMG correlations · BLK correlations
