AQN vs BKD: Correlation
How closely do Algonquin Power & Utilities Corp. (AQN) and Brookdale Senior Living Inc. (BKD) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AQN and BKD?
Over the past 3 years, AQN and BKD moved with a correlation of 0.39, which is moderate. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.39). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 495.9 %².
By 3-year correlation, BKD places #7 of the 12 assets tracked against AQN. The last year tells two different stories: BKD led by 54.3 percentage points, -0.1% for AQN against +54.2% for BKD.
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.
AQN vs BKD: side by side
| AQN (Algonquin Power & Utilities Corp.) | BKD (Brookdale Senior Living Inc.) | |
|---|---|---|
| 1-year return | -0.1% | +54.2% |
| 5-year return | -52.8% | +76.8% |
| Volatility (ann.) | 31.1% | 41.3% |
| Beta vs S&P 500 | 0.42 | 0.15 |
| Max drawdown (3Y) | -38.7% | -43.6% |
| Market cap | $4.4B | $2.9B |
| P/E (trailing) | 23.7 | – |
| Dividend yield | 4.55% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AQN | BKD |
|---|---|---|
| 2022 | -51.7% | -47.1% |
| 2023 | +3.0% | +113.2% |
| 2024 | -25.0% | -13.6% |
| 2025 | +41.6% | +114.5% |
| 2026 | -5.6% | +12.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AQN and BKD good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AQN and BKD?
As of 2026-08-27, the correlation of weekly returns between AQN and BKD is 0.39 over 3 years, 0.10 over 1 year and 0.32 over 5 years.
Is BKD a good diversifier for AQN?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/aqn-vs-bkd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aqn-vs-bkd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AQN correlations · BKD correlations
