BLK vs CG: Correlation
BlackRock (BLK) and The Carlyle Group Inc. (CG) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLK and CG?
Over the past 3 years, BLK and CG moved with a correlation of 0.68, which is strong. Recent behaviour matches the longer record: 0.63 over 1 year against 0.68 over 3. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 620.7 %².
Among the 42 assets we track against BLK, CG ranks #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BLK ahead by 27.1 points (+5.3% 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.
BLK vs CG: side by side
| BLK (BlackRock) | CG (The Carlyle Group Inc.) | |
|---|---|---|
| 1-year return | +5.3% | -21.8% |
| 5-year return | +38.9% | +18.0% |
| Volatility (ann.) | 24.7% | 36.8% |
| Beta vs S&P 500 | 1.19 | 1.68 |
| Max drawdown (3Y) | -23.7% | -40.4% |
| Market cap | $189.7B | $17.5B |
| P/E (trailing) | 28.1 | 50.8 |
| Dividend yield | 1.86% | 2.86% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BLK | CG |
|---|---|---|
| 2022 | -20.4% | -43.8% |
| 2023 | +17.9% | +42.6% |
| 2024 | +29.3% | +28.1% |
| 2025 | +6.6% | +20.2% |
| 2026 | +10.3% | -14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLK and CG good diversifiers for each other?
Only partially. A correlation of 0.68 means BLK and CG 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 BLK and CG?
As of 2026-08-27, the correlation of weekly returns between BLK and CG is 0.68 over 3 years, 0.63 over 1 year and 0.69 over 5 years.
Is CG a good diversifier for BLK?
Only partially. A correlation of 0.68 means BLK and CG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
A reading of 0.68 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/blk-vs-cg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/blk-vs-cg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLK correlations · CG correlations
