BAM vs BNT: Correlation
Measured on weekly returns over the past three years, Brookfield Asset Management Inc Class A Limited Voting (BAM) and Brookfield Wealth Solutions Ltd. Class A Exchangeable (BNT) carry a correlation of 0.83, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAM and BNT?
Over the past 3 years, BAM and BNT moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.79 over 1 year against 0.83 over 3. Over 5 years the correlation is 0.83, and the annualized covariance of weekly returns is 662.6 %².
In BAM's tracked universe of 19 assets, BNT sits right near the top at #2. On 12-month performance BNT holds a 6.1-point edge, -10.6% 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.
BAM vs BNT: side by side
| BAM (Brookfield Asset Management Inc Class A Limited Voting) | BNT (Brookfield Wealth Solutions Ltd. Class A Exchangeable) | |
|---|---|---|
| 1-year return | -10.6% | -4.5% |
| 5-year return | n/a | +3.6% |
| Volatility (ann.) | 28.2% | 28.1% |
| Beta vs S&P 500 | 1.35 | 1.44 |
| Max drawdown (3Y) | -30.4% | -27.6% |
| Market cap | $83.2B | $11.4B |
| P/E (trailing) | 29.9 | 50.0 |
| Dividend yield | 3.61% | 0.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAM | BNT |
|---|---|---|
| 2022 | – | -49.5% |
| 2023 | +45.6% | +30.1% |
| 2024 | +39.7% | +43.3% |
| 2025 | -0.2% | +20.6% |
| 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 BNT good diversifiers for each other?
No. With a correlation of 0.83, BAM and BNT move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BAM and BNT?
Using weekly returns as of 2026-08-27: 0.83 over 3 years, with 0.79 over the last year and 0.83 over 5 years.
Is BNT a good diversifier for BAM?
No. With a correlation of 0.83, BAM and BNT move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 mean?
A reading of 0.83 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/bam-vs-bnt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bam-vs-bnt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BAM correlations · BNT correlations
