BEN vs BLK: Correlation
How closely do Franklin Resources (BEN) and BlackRock (BLK) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEN and BLK?
Over the past 3 years, BEN and BLK moved with a correlation of 0.60, which is strong. The past 12 months show a weaker link (0.34) than the 3-year average (0.60). Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 414.3 %².
Within BEN's tracked universe of 28 assets, BLK comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BEN ahead by 37.7 points (+43.0% versus +5.3%). The rolling one-year correlation moved between 0.34 and 0.83 over the past three years, a moderate range.
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.
BEN vs BLK: side by side
| BEN (Franklin Resources) | BLK (BlackRock) | |
|---|---|---|
| 1-year return | +43.0% | +5.3% |
| 5-year return | +37.6% | +38.9% |
| Volatility (ann.) | 27.9% | 24.7% |
| Beta vs S&P 500 | 1.01 | 1.19 |
| Max drawdown (3Y) | -40.0% | -23.7% |
| Market cap | $17.7B | $189.7B |
| P/E (trailing) | 23.8 | 28.1 |
| Dividend yield | 3.74% | 1.86% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BEN | BLK |
|---|---|---|
| 2022 | -17.5% | -20.4% |
| 2023 | +17.0% | +17.9% |
| 2024 | -27.2% | +29.3% |
| 2025 | +24.8% | +6.6% |
| 2026 | +49.4% | +10.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEN and BLK good diversifiers for each other?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BEN and BLK?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.34 over the last year and 0.68 over 5 years.
Is BLK a good diversifier for BEN?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.60 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/ben-vs-blk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ben-vs-blk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BEN correlations · BLK correlations
