BAM vs CALX: Correlation
Brookfield Asset Management Inc Class A Limited Voting (BAM) and Calix, Inc (CALX) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAM and CALX?
Over the past 3 years, BAM and CALX moved with a correlation of 0.45, which is moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 530.3 %².
CALX is close to the least connected end of BAM's tracked universe, ranking #15 of 19. Their recent paths diverged sharply: over the last 12 months BAM outperformed by 25.9 percentage points (-10.6% for BAM against -36.5% for CALX).
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 CALX: side by side
| BAM (Brookfield Asset Management Inc Class A Limited Voting) | CALX (Calix, Inc) | |
|---|---|---|
| 1-year return | -10.6% | -36.5% |
| 5-year return | n/a | -20.0% |
| Volatility (ann.) | 28.2% | 42.1% |
| Beta vs S&P 500 | 1.35 | 1.14 |
| Max drawdown (3Y) | -30.4% | -48.6% |
| Market cap | $83.2B | $2.4B |
| P/E (trailing) | 29.9 | 50.3 |
| Dividend yield | 3.61% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAM | CALX |
|---|---|---|
| 2022 | – | -14.4% |
| 2023 | +45.6% | -36.2% |
| 2024 | +39.7% | -20.2% |
| 2025 | -0.2% | +51.8% |
| 2026 | +1.5% | -28.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAM and CALX good diversifiers for each other?
Reasonably. At 0.45, BAM and CALX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BAM and CALX?
As of 2026-08-27, the correlation of weekly returns between BAM and CALX is 0.45 over 3 years, 0.37 over 1 year and 0.37 over 5 years.
Is CALX a good diversifier for BAM?
Reasonably. At 0.45, BAM and CALX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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-calx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bam-vs-calx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BAM correlations · CALX correlations
