BLK vs EL: Correlation
BlackRock (BLK) and Estée Lauder Companies (The) (EL) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLK and EL?
On 3 years of weekly data the BLK/EL correlation comes out at 0.44, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.44 over 3. The 5-year figure is 0.47, and annualized covariance runs at 507.6 %².
By 3-year correlation, EL places #31 of the 42 assets tracked against BLK. On 12-month performance EL holds a 11.1-point edge, +5.3% against +16.4%. This link changes with the market regime, having swung between 0.17 and 0.67 on a rolling one-year basis. Note the risk asymmetry: EL runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 EL: side by side
| BLK (BlackRock) | EL (Estée Lauder Companies (The)) | |
|---|---|---|
| 1-year return | +5.3% | +16.4% |
| 5-year return | +38.9% | -66.7% |
| Volatility (ann.) | 24.7% | 47.0% |
| Beta vs S&P 500 | 1.19 | 1.28 |
| Max drawdown (3Y) | -23.7% | -68.4% |
| Market cap | $189.7B | $38.4B |
| P/E (trailing) | 28.1 | 208.3 |
| Dividend yield | 1.86% | 1.33% |
| Sector / category | Financials | Consumer Staples |
Year-by-year returns
| Year | BLK | EL |
|---|---|---|
| 2022 | -20.4% | -32.3% |
| 2023 | +17.9% | -40.1% |
| 2024 | +29.3% | -47.6% |
| 2025 | +6.6% | +42.1% |
| 2026 | +10.3% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLK and EL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BLK and EL?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.47 over the last year and 0.47 over 5 years.
Is EL a good diversifier for BLK?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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-el.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blk-vs-el/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLK correlations · EL correlations
