ARES vs BLK: Correlation
How closely do Ares Management (ARES) and BlackRock (BLK) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARES and BLK?
On 3 years of weekly data the ARES/BLK correlation comes out at 0.60, strong. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. The 5-year figure is 0.65, and annualized covariance runs at 528.9 %².
Among the 32 assets we track against ARES, BLK ranks #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BLK ahead by 23.0 points (-17.7% versus +5.3%). The rolling one-year correlation moved between 0.45 and 0.76 over the past three years, a moderate range.
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 BLK: side by side
| ARES (Ares Management) | BLK (BlackRock) | |
|---|---|---|
| 1-year return | -17.7% | +5.3% |
| 5-year return | +118.7% | +38.9% |
| Volatility (ann.) | 35.5% | 24.7% |
| Beta vs S&P 500 | 1.55 | 1.19 |
| Max drawdown (3Y) | -50.0% | -23.7% |
| Market cap | $47.0B | $189.7B |
| P/E (trailing) | 65.0 | 28.1 |
| Dividend yield | 3.48% | 1.86% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | ARES | BLK |
|---|---|---|
| 2022 | -12.8% | -20.4% |
| 2023 | +79.5% | +17.9% |
| 2024 | +52.7% | +29.3% |
| 2025 | -6.2% | +6.6% |
| 2026 | -9.8% | +10.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARES and BLK good diversifiers for each other?
Only partially. A correlation of 0.60 means ARES and BLK 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 ARES and BLK?
The ARES/BLK correlation stands at 0.60 on a 3-year window (1 year: 0.55, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is BLK a good diversifier for ARES?
Only partially. A correlation of 0.60 means ARES and BLK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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-blk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ares-vs-blk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARES correlations · BLK correlations
