BAM vs GCMG: Correlation
Measured on weekly returns over the past three years, Brookfield Asset Management Inc Class A Limited Voting (BAM) and GCM Grosvenor Inc. (GCMG) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAM and GCMG?
Over the past 3 years, BAM and GCMG moved with a correlation of 0.50, which is moderate. Recent behaviour matches the longer record: 0.60 over 1 year against 0.50 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 400.6 %².
Among the 19 assets we track against BAM, GCMG ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GCMG outperformed by 19.8 percentage points (-10.6% for BAM against +9.2% for GCMG).
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 GCMG: side by side
| BAM (Brookfield Asset Management Inc Class A Limited Voting) | GCMG (GCM Grosvenor Inc.) | |
|---|---|---|
| 1-year return | -10.6% | +9.2% |
| 5-year return | n/a | +52.8% |
| Volatility (ann.) | 28.2% | 28.2% |
| Beta vs S&P 500 | 1.35 | 0.76 |
| Max drawdown (3Y) | -30.4% | -31.3% |
| Market cap | $83.2B | $0.8B |
| P/E (trailing) | 29.9 | 25.8 |
| Dividend yield | 3.61% | 3.54% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAM | GCMG |
|---|---|---|
| 2022 | – | -24.0% |
| 2023 | +45.6% | +24.6% |
| 2024 | +39.7% | +43.0% |
| 2025 | -0.2% | -4.3% |
| 2026 | +1.5% | +23.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAM and GCMG good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BAM and GCMG?
The BAM/GCMG correlation stands at 0.50 on a 3-year window (1 year: 0.60, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is GCMG a good diversifier for BAM?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 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/bam-vs-gcmg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bam-vs-gcmg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BAM correlations · GCMG correlations
