ATS vs BNT: Correlation
Measured on weekly returns over the past three years, ATS Corporation (ATS) and Brookfield Wealth Solutions Ltd. Class A Exchangeable (BNT) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATS and BNT?
Over the past 3 years, ATS and BNT moved with a correlation of 0.45, which is moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 485.2 %².
Within ATS's tracked universe of 10 assets, BNT comes in at #5 by 3-year correlation. The last year tells two different stories: BNT led by 24.0 percentage points, -28.5% for ATS against -4.5% for BNT.
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.
ATS vs BNT: side by side
| ATS (ATS Corporation) | BNT (Brookfield Wealth Solutions Ltd. Class A Exchangeable) | |
|---|---|---|
| 1-year return | -28.5% | -4.5% |
| 5-year return | -46.0% | +3.6% |
| Volatility (ann.) | 38.0% | 28.1% |
| Beta vs S&P 500 | 1.06 | 1.44 |
| Max drawdown (3Y) | -57.3% | -27.6% |
| Market cap | $1.9B | $11.4B |
| P/E (trailing) | 57.1 | 50.0 |
| Dividend yield | 0.00% | 0.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATS | BNT |
|---|---|---|
| 2022 | -22.1% | -49.5% |
| 2023 | +39.2% | +30.1% |
| 2024 | -29.2% | +43.3% |
| 2025 | -9.6% | +20.6% |
| 2026 | -29.5% | -9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATS and BNT good diversifiers for each other?
Reasonably. At 0.45, ATS and BNT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ATS and BNT?
As of 2026-08-27, the correlation of weekly returns between ATS and BNT is 0.45 over 3 years, 0.37 over 1 year and 0.41 over 5 years.
Is BNT a good diversifier for ATS?
Reasonably. At 0.45, ATS and BNT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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/ats-vs-bnt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ats-vs-bnt/)
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Related comparisons
Hubs: ATS correlations · BNT correlations
