BAM vs ZBRA: Correlation
Measured on weekly returns over the past three years, Brookfield Asset Management Inc Class A Limited Voting (BAM) and Zebra Technologies (ZBRA) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAM and ZBRA?
Over the past 3 years, BAM and ZBRA moved with a correlation of 0.56, which is moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.56 over 3. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 639.8 %².
Within BAM's tracked universe of 19 assets, ZBRA comes in at #10 by 3-year correlation. The last year tells two different stories: ZBRA led by 22.9 percentage points, -10.6% for BAM against +12.3% for ZBRA.
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 ZBRA: side by side
| BAM (Brookfield Asset Management Inc Class A Limited Voting) | ZBRA (Zebra Technologies) | |
|---|---|---|
| 1-year return | -10.6% | +12.3% |
| 5-year return | n/a | -38.2% |
| Volatility (ann.) | 28.2% | 40.8% |
| Beta vs S&P 500 | 1.35 | 1.54 |
| Max drawdown (3Y) | -30.4% | -52.7% |
| Market cap | $83.2B | $17.1B |
| P/E (trailing) | 29.9 | 33.0 |
| Dividend yield | 3.61% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | BAM | ZBRA |
|---|---|---|
| 2022 | – | -56.9% |
| 2023 | +45.6% | +6.6% |
| 2024 | +39.7% | +41.3% |
| 2025 | -0.2% | -37.1% |
| 2026 | +1.5% | +48.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAM and ZBRA good diversifiers for each other?
Only partially. A correlation of 0.56 means BAM and ZBRA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BAM and ZBRA?
As of 2026-08-27, the correlation of weekly returns between BAM and ZBRA is 0.56 over 3 years, 0.54 over 1 year and 0.55 over 5 years.
Is ZBRA a good diversifier for BAM?
Only partially. A correlation of 0.56 means BAM and ZBRA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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-zbra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bam-vs-zbra/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BAM correlations · ZBRA correlations
