BLK vs BX: Correlation
BlackRock (BLK) and Blackstone Inc. (BX) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLK and BX?
On 3 years of weekly data the BLK/BX correlation comes out at 0.66, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 555.1 %².
Within BLK's tracked universe of 42 assets, BX comes in at #19 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BLK ahead by 18.2 points (+5.3% versus -12.9%). Across three years, the rolling one-year figure varied moderately, from 0.51 to 0.82.
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.
BLK vs BX: side by side
| BLK (BlackRock) | BX (Blackstone Inc.) | |
|---|---|---|
| 1-year return | +5.3% | -12.9% |
| 5-year return | +38.9% | +37.5% |
| Volatility (ann.) | 24.7% | 34.0% |
| Beta vs S&P 500 | 1.19 | 1.36 |
| Max drawdown (3Y) | -23.7% | -46.5% |
| Market cap | $189.7B | $171.7B |
| P/E (trailing) | 28.1 | 32.1 |
| Dividend yield | 1.86% | 3.65% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BLK | BX |
|---|---|---|
| 2022 | -20.4% | -40.0% |
| 2023 | +17.9% | +82.7% |
| 2024 | +29.3% | +35.1% |
| 2025 | +6.6% | -7.8% |
| 2026 | +10.3% | -3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLK and BX good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BLK and BX?
The BLK/BX correlation stands at 0.66 on a 3-year window (1 year: 0.65, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is BX a good diversifier for BLK?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 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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Hubs: BLK correlations · BX correlations
