APAM vs BEN: Correlation
Measured on weekly returns over the past three years, Artisan Partners Asset Management Inc. (APAM) and Franklin Resources (BEN) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APAM and BEN?
Over the past 3 years, APAM and BEN moved with a correlation of 0.63, which is strong. The past 12 months show a weaker link (0.35) than the 3-year average (0.63). Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 476.2 %².
Among the 17 assets we track against APAM, BEN ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BEN outperformed by 41.8 percentage points (+1.2% for APAM against +43.0% for BEN).
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.
APAM vs BEN: side by side
| APAM (Artisan Partners Asset Management Inc.) | BEN (Franklin Resources) | |
|---|---|---|
| 1-year return | +1.2% | +43.0% |
| 5-year return | +28.1% | +37.6% |
| Volatility (ann.) | 27.0% | 27.9% |
| Beta vs S&P 500 | 1.14 | 1.01 |
| Max drawdown (3Y) | -28.9% | -40.0% |
| Market cap | $3.1B | $17.7B |
| P/E (trailing) | 10.4 | 23.8 |
| Dividend yield | 7.95% | 3.74% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | APAM | BEN |
|---|---|---|
| 2022 | -31.3% | -17.5% |
| 2023 | +60.3% | +17.0% |
| 2024 | +4.8% | -27.2% |
| 2025 | +2.7% | +24.8% |
| 2026 | +15.4% | +49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APAM and BEN good diversifiers for each other?
Only partially. A correlation of 0.63 means APAM and BEN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between APAM and BEN?
The APAM/BEN correlation stands at 0.63 on a 3-year window (1 year: 0.35, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is BEN a good diversifier for APAM?
Only partially. A correlation of 0.63 means APAM and BEN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
A reading of 0.63 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/apam-vs-ben.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apam-vs-ben/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: APAM correlations · BEN correlations
