BN vs BX: Correlation
Brookfield Corporation Class A Limited Voting Shares (BN) and Blackstone Inc. (BX) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BN and BX?
Across a 3-year window, the weekly returns of BN and BX correlate at 0.71, strong. Recent behaviour matches the longer record: 0.62 over 1 year against 0.71 over 3. Stretching to 5 years gives 0.70, with an annualized covariance of 691.5 %².
Among the 32 assets we track against BN, BX ranks #8 by 3-year correlation. Over the last 12 months BN came out ahead by 8.4 percentage points (-4.5% against -12.9%).
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 BX: side by side
| BN (Brookfield Corporation Class A Limited Voting Shares) | BX (Blackstone Inc.) | |
|---|---|---|
| 1-year return | -4.5% | -12.9% |
| 5-year return | +42.1% | +37.5% |
| Volatility (ann.) | 28.8% | 34.0% |
| Beta vs S&P 500 | 1.47 | 1.36 |
| Max drawdown (3Y) | -27.8% | -46.5% |
| Market cap | $92.5B | $171.7B |
| P/E (trailing) | 76.7 | 32.1 |
| Dividend yield | 0.62% | 3.65% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BN | BX |
|---|---|---|
| 2022 | -34.6% | -40.0% |
| 2023 | +28.6% | +82.7% |
| 2024 | +44.2% | +35.1% |
| 2025 | +20.5% | -7.8% |
| 2026 | -9.4% | -3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BN and BX good diversifiers for each other?
To a limited degree. At 0.71 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 BN and BX?
As of 2026-08-27, the correlation of weekly returns between BN and BX is 0.71 over 3 years, 0.62 over 1 year and 0.70 over 5 years.
Is BX a good diversifier for BN?
To a limited degree. At 0.71 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 0.71 mean?
On the −1 to +1 scale, 0.71 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-bx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bn-vs-bx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BN correlations · BX correlations
