BLK vs GRMN: Correlation
BlackRock (BLK) and Garmin (GRMN) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLK and GRMN?
Across a 3-year window, the weekly returns of BLK and GRMN correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 424.1 %².
Within BLK's tracked universe of 42 assets, GRMN comes in at #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GRMN ahead by 19.8 points (+5.3% versus +25.1%). Across three years, the rolling one-year figure varied moderately, from 0.25 to 0.72.
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 GRMN: side by side
| BLK (BlackRock) | GRMN (Garmin) | |
|---|---|---|
| 1-year return | +5.3% | +25.1% |
| 5-year return | +38.9% | +80.9% |
| Volatility (ann.) | 24.7% | 34.7% |
| Beta vs S&P 500 | 1.19 | 1.06 |
| Max drawdown (3Y) | -23.7% | -28.0% |
| Market cap | $189.7B | $55.9B |
| P/E (trailing) | 28.1 | 29.9 |
| Dividend yield | 1.86% | 1.45% |
| Sector / category | Financials | Consumer Discretionary |
Year-by-year returns
| Year | BLK | GRMN |
|---|---|---|
| 2022 | -20.4% | -30.2% |
| 2023 | +17.9% | +43.1% |
| 2024 | +29.3% | +63.3% |
| 2025 | +6.6% | -0.1% |
| 2026 | +10.3% | +44.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLK and GRMN good diversifiers for each other?
Reasonably. At 0.49, BLK and GRMN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BLK and GRMN?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.43 over the last year and 0.52 over 5 years.
Is GRMN a good diversifier for BLK?
Reasonably. At 0.49, BLK and GRMN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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-grmn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/blk-vs-grmn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLK correlations · GRMN correlations
