BAM vs BN: Correlation
Measured on weekly returns over the past three years, Brookfield Asset Management Inc Class A Limited Voting (BAM) and Brookfield Corporation Class A Limited Voting Shares (BN) carry a correlation of 0.84, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAM and BN?
Over the past 3 years, BAM and BN moved with a correlation of 0.84, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.81) sits close to the 3-year figure. Over 5 years the correlation is 0.82, and the annualized covariance of weekly returns is 685.6 %².
Few assets follow BAM as closely as BN, which ranks #1 of 19 tracked partners. The trailing year gives BN the advantage: -10.6% versus -4.5%, a 6.1-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.
BAM vs BN: side by side
| BAM (Brookfield Asset Management Inc Class A Limited Voting) | BN (Brookfield Corporation Class A Limited Voting Shares) | |
|---|---|---|
| 1-year return | -10.6% | -4.5% |
| 5-year return | n/a | +42.1% |
| Volatility (ann.) | 28.2% | 28.8% |
| Beta vs S&P 500 | 1.35 | 1.47 |
| Max drawdown (3Y) | -30.4% | -27.8% |
| Market cap | $83.2B | $92.5B |
| P/E (trailing) | 29.9 | 76.7 |
| Dividend yield | 3.61% | 0.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAM | BN |
|---|---|---|
| 2022 | – | -34.6% |
| 2023 | +45.6% | +28.6% |
| 2024 | +39.7% | +44.2% |
| 2025 | -0.2% | +20.5% |
| 2026 | +1.5% | -9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAM and BN good diversifiers for each other?
No. With a correlation of 0.84, BAM and BN move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BAM and BN?
The BAM/BN correlation stands at 0.84 on a 3-year window (1 year: 0.81, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is BN a good diversifier for BAM?
No. With a correlation of 0.84, BAM and BN move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 mean?
On the −1 to +1 scale, 0.84 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/bam-vs-bn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bam-vs-bn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAM correlations · BN correlations
