BAM vs BX: Correlation
Brookfield Asset Management Inc Class A Limited Voting (BAM) and Blackstone Inc. (BX) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAM and BX?
Across a 3-year window, the weekly returns of BAM and BX correlate at 0.72, strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.72 over 3. Stretching to 5 years gives 0.68, with an annualized covariance of 692.4 %².
BX is one of the assets that tracks BAM most closely: it ranks #3 out of the 19 assets we track against BAM. Their 12-month results are close: -10.6% for BAM against -12.9% for BX.
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 BX: side by side
| BAM (Brookfield Asset Management Inc Class A Limited Voting) | BX (Blackstone Inc.) | |
|---|---|---|
| 1-year return | -10.6% | -12.9% |
| 5-year return | n/a | +37.5% |
| Volatility (ann.) | 28.2% | 34.0% |
| Beta vs S&P 500 | 1.35 | 1.36 |
| Max drawdown (3Y) | -30.4% | -46.5% |
| Market cap | $83.2B | $171.7B |
| P/E (trailing) | 29.9 | 32.1 |
| Dividend yield | 3.61% | 3.65% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BAM | BX |
|---|---|---|
| 2022 | – | -40.0% |
| 2023 | +45.6% | +82.7% |
| 2024 | +39.7% | +35.1% |
| 2025 | -0.2% | -7.8% |
| 2026 | +1.5% | -3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAM and BX good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BAM and BX?
As of 2026-08-27, the correlation of weekly returns between BAM and BX is 0.72 over 3 years, 0.65 over 1 year and 0.68 over 5 years.
Is BX a good diversifier for BAM?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 mean?
On the −1 to +1 scale, 0.72 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-bx.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: BAM correlations · BX correlations
