AMG vs BN: Correlation
How closely do Affiliated Managers Group, Inc. (AMG) and Brookfield Corporation Class A Limited Voting Shares (BN) 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 BN?
On 3 years of weekly data the AMG/BN correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 426.3 %².
Within AMG's tracked universe of 13 assets, BN comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMG outperformed by 67.2 percentage points (+62.7% for AMG against -4.5% for BN).
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 BN: side by side
| AMG (Affiliated Managers Group, Inc.) | BN (Brookfield Corporation Class A Limited Voting Shares) | |
|---|---|---|
| 1-year return | +62.7% | -4.5% |
| 5-year return | +116.5% | +42.1% |
| Volatility (ann.) | 26.6% | 28.8% |
| Beta vs S&P 500 | 0.82 | 1.47 |
| Max drawdown (3Y) | -27.0% | -27.8% |
| Market cap | $9.6B | $92.5B |
| P/E (trailing) | 13.0 | 76.7 |
| Dividend yield | 0.01% | 0.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMG | BN |
|---|---|---|
| 2022 | -3.7% | -34.6% |
| 2023 | -4.4% | +28.6% |
| 2024 | +22.2% | +44.2% |
| 2025 | +55.9% | +20.5% |
| 2026 | +28.5% | -9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMG and BN good diversifiers for each other?
To a limited degree. At 0.56 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 AMG and BN?
As of 2026-08-27, the correlation of weekly returns between AMG and BN is 0.56 over 3 years, 0.50 over 1 year and 0.62 over 5 years.
Is BN a good diversifier for AMG?
To a limited degree. At 0.56 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 0.56 mean?
On the −1 to +1 scale, 0.56 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amg-vs-bn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amg-vs-bn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMG correlations · BN correlations
