BLK vs TROW: Correlation
Measured on weekly returns over the past three years, BlackRock (BLK) and T. Rowe Price (TROW) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLK and TROW?
On 3 years of weekly data the BLK/TROW correlation comes out at 0.65, strong. The past 12 months show a weaker link (0.36) than the 3-year average (0.65). The 5-year figure is 0.76, and annualized covariance runs at 380.9 %².
By 3-year correlation, TROW places #20 of the 42 assets tracked against BLK. Twelve-month performance is nearly a tie, at +5.3% for BLK and +8.1% for TROW. Across three years, the rolling one-year figure varied moderately, from 0.40 to 0.85.
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 TROW: side by side
| BLK (BlackRock) | TROW (T. Rowe Price) | |
|---|---|---|
| 1-year return | +5.3% | +8.1% |
| 5-year return | +38.9% | -37.0% |
| Volatility (ann.) | 24.7% | 23.5% |
| Beta vs S&P 500 | 1.19 | 1.10 |
| Max drawdown (3Y) | -23.7% | -34.0% |
| Market cap | $189.7B | $24.0B |
| P/E (trailing) | 28.1 | 11.3 |
| Dividend yield | 1.86% | 4.57% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BLK | TROW |
|---|---|---|
| 2022 | -20.4% | -42.2% |
| 2023 | +17.9% | +3.4% |
| 2024 | +29.3% | +9.7% |
| 2025 | +6.6% | -4.7% |
| 2026 | +10.3% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLK and TROW good diversifiers for each other?
To a limited degree. At 0.65 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 BLK and TROW?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.36 over the last year and 0.76 over 5 years.
Is TROW a good diversifier for BLK?
To a limited degree. At 0.65 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 0.65 mean?
On the −1 to +1 scale, 0.65 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/blk-vs-trow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/blk-vs-trow/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BLK correlations · TROW correlations
