ARES vs BAM: Correlation
Measured on weekly returns over the past three years, Ares Management (ARES) and Brookfield Asset Management Inc Class A Limited Voting (BAM) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARES and BAM?
On 3 years of weekly data the ARES/BAM correlation comes out at 0.69, strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 695.6 %².
By 3-year correlation, BAM places #6 of the 32 assets tracked against ARES. On 12-month performance BAM holds a 7.1-point edge, -17.7% against -10.6%.
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.
ARES vs BAM: side by side
| ARES (Ares Management) | BAM (Brookfield Asset Management Inc Class A Limited Voting) | |
|---|---|---|
| 1-year return | -17.7% | -10.6% |
| 5-year return | +118.7% | n/a |
| Volatility (ann.) | 35.5% | 28.2% |
| Beta vs S&P 500 | 1.55 | 1.35 |
| Max drawdown (3Y) | -50.0% | -30.4% |
| Market cap | $47.0B | $83.2B |
| P/E (trailing) | 65.0 | 29.9 |
| Dividend yield | 3.48% | 3.61% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ARES | BAM |
|---|---|---|
| 2022 | -12.8% | – |
| 2023 | +79.5% | +45.6% |
| 2024 | +52.7% | +39.7% |
| 2025 | -6.2% | -0.2% |
| 2026 | -9.8% | +1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARES and BAM good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARES and BAM?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.71 over the last year and 0.66 over 5 years.
Is BAM a good diversifier for ARES?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/ares-vs-bam.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ares-vs-bam/)
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Related comparisons
Hubs: ARES correlations · BAM correlations
