BAM vs RSKD: Correlation
Measured on weekly returns over the past three years, Brookfield Asset Management Inc Class A Limited Voting (BAM) and Riskified Ltd. Class A (RSKD) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAM and RSKD?
Across a 3-year window, the weekly returns of BAM and RSKD correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.38, with an annualized covariance of 507.9 %².
Within BAM's tracked universe of 19 assets, RSKD comes in at #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RSKD ahead by 42.2 points (-10.6% versus +31.6%).
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 RSKD: side by side
| BAM (Brookfield Asset Management Inc Class A Limited Voting) | RSKD (Riskified Ltd. Class A) | |
|---|---|---|
| 1-year return | -10.6% | +31.6% |
| 5-year return | n/a | -81.3% |
| Volatility (ann.) | 28.2% | 38.0% |
| Beta vs S&P 500 | 1.35 | 1.09 |
| Max drawdown (3Y) | -30.4% | -42.2% |
| Market cap | $83.2B | $0.8B |
| P/E (trailing) | 29.9 | – |
| Dividend yield | 3.61% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAM | RSKD |
|---|---|---|
| 2022 | – | -41.2% |
| 2023 | +45.6% | +1.3% |
| 2024 | +39.7% | +1.1% |
| 2025 | -0.2% | +5.1% |
| 2026 | +1.5% | +23.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAM and RSKD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BAM and RSKD?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.56 over the last year and 0.38 over 5 years.
Is RSKD a good diversifier for BAM?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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.
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Related comparisons
Hubs: BAM correlations · RSKD correlations
