BEN vs CG: Correlation
How closely do Franklin Resources (BEN) and The Carlyle Group Inc. (CG) 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 CG?
Over the past 3 years, BEN and CG moved with a correlation of 0.60, which is strong. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 619.7 %².
Within BEN's tracked universe of 28 assets, CG comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BEN ahead by 64.8 points (+43.0% versus -21.8%).
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 CG: side by side
| BEN (Franklin Resources) | CG (The Carlyle Group Inc.) | |
|---|---|---|
| 1-year return | +43.0% | -21.8% |
| 5-year return | +37.6% | +18.0% |
| Volatility (ann.) | 27.9% | 36.8% |
| Beta vs S&P 500 | 1.01 | 1.68 |
| Max drawdown (3Y) | -40.0% | -40.4% |
| Market cap | $17.7B | $17.5B |
| P/E (trailing) | 23.8 | 50.8 |
| Dividend yield | 3.74% | 2.86% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BEN | CG |
|---|---|---|
| 2022 | -17.5% | -43.8% |
| 2023 | +17.0% | +42.6% |
| 2024 | -27.2% | +28.1% |
| 2025 | +24.8% | +20.2% |
| 2026 | +49.4% | -14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEN and CG 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 CG?
As of 2026-08-27, the correlation of weekly returns between BEN and CG is 0.60 over 3 years, 0.54 over 1 year and 0.65 over 5 years.
Is CG 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?
On the −1 to +1 scale, 0.60 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ben-vs-cg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ben-vs-cg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BEN correlations · CG correlations
