BN vs CALX: Correlation
Brookfield Corporation Class A Limited Voting Shares (BN) and Calix, Inc (CALX) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BN and CALX?
Over the past 3 years, BN and CALX moved with a correlation of 0.45, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.45 over 3 years. Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 541.5 %².
Among the 32 assets we track against BN, CALX sits near the bottom by co-movement, at rank #28. Correlation aside, the last 12 months split them widely, with BN ahead by 32.0 points (-4.5% versus -36.5%).
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 CALX: side by side
| BN (Brookfield Corporation Class A Limited Voting Shares) | CALX (Calix, Inc) | |
|---|---|---|
| 1-year return | -4.5% | -36.5% |
| 5-year return | +42.1% | -20.0% |
| Volatility (ann.) | 28.8% | 42.1% |
| Beta vs S&P 500 | 1.47 | 1.14 |
| Max drawdown (3Y) | -27.8% | -48.6% |
| Market cap | $92.5B | $2.4B |
| P/E (trailing) | 76.7 | 50.3 |
| Dividend yield | 0.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BN | CALX |
|---|---|---|
| 2022 | -34.6% | -14.4% |
| 2023 | +28.6% | -36.2% |
| 2024 | +44.2% | -20.2% |
| 2025 | +20.5% | +51.8% |
| 2026 | -9.4% | -28.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BN and CALX good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BN and CALX?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.31 over the last year and 0.36 over 5 years.
Is CALX a good diversifier for BN?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bn-vs-calx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bn-vs-calx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BN correlations · CALX correlations
