ARES vs BNT: Correlation
Measured on weekly returns over the past three years, Ares Management (ARES) and Brookfield Wealth Solutions Ltd. Class A Exchangeable (BNT) 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 BNT?
Across a 3-year window, the weekly returns of ARES and BNT correlate at 0.66, strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. Stretching to 5 years gives 0.64, with an annualized covariance of 660.4 %².
Within ARES's tracked universe of 32 assets, BNT comes in at #9 by 3-year correlation. The trailing year gives BNT the advantage: -17.7% versus -4.5%, a 13.2-point spread.
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 BNT: side by side
| ARES (Ares Management) | BNT (Brookfield Wealth Solutions Ltd. Class A Exchangeable) | |
|---|---|---|
| 1-year return | -17.7% | -4.5% |
| 5-year return | +118.7% | +3.6% |
| Volatility (ann.) | 35.5% | 28.1% |
| Beta vs S&P 500 | 1.55 | 1.44 |
| Max drawdown (3Y) | -50.0% | -27.6% |
| Market cap | $47.0B | $11.4B |
| P/E (trailing) | 65.0 | 50.0 |
| Dividend yield | 3.48% | 0.62% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ARES | BNT |
|---|---|---|
| 2022 | -12.8% | -49.5% |
| 2023 | +79.5% | +30.1% |
| 2024 | +52.7% | +43.3% |
| 2025 | -6.2% | +20.6% |
| 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 BNT good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARES and BNT?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.67 over the last year and 0.64 over 5 years.
Is BNT a good diversifier for ARES?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ares-vs-bnt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ares-vs-bnt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARES correlations · BNT correlations
