BN vs BNT: Correlation
How closely do Brookfield Corporation Class A Limited Voting Shares (BN) and Brookfield Wealth Solutions Ltd. Class A Exchangeable (BNT) trade together? Their weekly returns over three years give a correlation of 0.99, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BN and BNT?
Across a 3-year window, the weekly returns of BN and BNT correlate at 0.99, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.97 lands near the 3-year figure. Stretching to 5 years gives 0.96, with an annualized covariance of 802.5 %².
In BN's tracked universe of 32 assets, BNT sits right near the top at #1. Their 12-month results are close: -4.5% for BN against -4.5% for BNT.
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.
BN vs BNT: side by side
| BN (Brookfield Corporation Class A Limited Voting Shares) | BNT (Brookfield Wealth Solutions Ltd. Class A Exchangeable) | |
|---|---|---|
| 1-year return | -4.5% | -4.5% |
| 5-year return | +42.1% | +3.6% |
| Volatility (ann.) | 28.8% | 28.1% |
| Beta vs S&P 500 | 1.47 | 1.44 |
| Max drawdown (3Y) | -27.8% | -27.6% |
| Market cap | $92.5B | $11.4B |
| P/E (trailing) | 76.7 | 50.0 |
| Dividend yield | 0.62% | 0.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BN | BNT |
|---|---|---|
| 2022 | -34.6% | -49.5% |
| 2023 | +28.6% | +30.1% |
| 2024 | +44.2% | +43.3% |
| 2025 | +20.5% | +20.6% |
| 2026 | -9.4% | -9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BN and BNT good diversifiers for each other?
No: a correlation of 0.99 means BN and BNT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BN and BNT?
As of 2026-08-27, the correlation of weekly returns between BN and BNT is 0.99 over 3 years, 0.97 over 1 year and 0.96 over 5 years.
Is BNT a good diversifier for BN?
No: a correlation of 0.99 means BN and BNT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.99 mean?
On the −1 to +1 scale, 0.99 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/bn-vs-bnt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bn-vs-bnt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BN correlations · BNT correlations
