ARES vs BN: Correlation
Measured on weekly returns over the past three years, Ares Management (ARES) and Brookfield Corporation Class A Limited Voting Shares (BN) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARES and BN?
Across a 3-year window, the weekly returns of ARES and BN correlate at 0.66, strong. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Stretching to 5 years gives 0.68, with an annualized covariance of 670.8 %².
By 3-year correlation, BN places #8 of the 32 assets tracked against ARES. On 12-month performance BN holds a 13.2-point edge, -17.7% against -4.5%.
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 BN: side by side
| ARES (Ares Management) | BN (Brookfield Corporation Class A Limited Voting Shares) | |
|---|---|---|
| 1-year return | -17.7% | -4.5% |
| 5-year return | +118.7% | +42.1% |
| Volatility (ann.) | 35.5% | 28.8% |
| Beta vs S&P 500 | 1.55 | 1.47 |
| Max drawdown (3Y) | -50.0% | -27.8% |
| Market cap | $47.0B | $92.5B |
| P/E (trailing) | 65.0 | 76.7 |
| Dividend yield | 3.48% | 0.62% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ARES | BN |
|---|---|---|
| 2022 | -12.8% | -34.6% |
| 2023 | +79.5% | +28.6% |
| 2024 | +52.7% | +44.2% |
| 2025 | -6.2% | +20.5% |
| 2026 | -9.8% | -9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARES and BN good diversifiers for each other?
To a limited degree. At 0.66 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 ARES and BN?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.64 over the last year and 0.68 over 5 years.
Is BN a good diversifier for ARES?
To a limited degree. At 0.66 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 0.66 mean?
A reading of 0.66 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/ares-vs-bn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ares-vs-bn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARES correlations · BN correlations
