BN vs CNNE: Correlation
How closely do Brookfield Corporation Class A Limited Voting Shares (BN) and Cannae Holdings, Inc. (CNNE) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BN and CNNE?
On 3 years of weekly data the BN/CNNE correlation comes out at 0.59, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.59 over 3 years. The 5-year figure is 0.62, and annualized covariance runs at 509.5 %².
Among the 32 assets we track against BN, CNNE ranks #13 by 3-year correlation. Over the last 12 months BN came out ahead by 9.3 percentage points (-4.5% against -13.8%).
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 CNNE: side by side
| BN (Brookfield Corporation Class A Limited Voting Shares) | CNNE (Cannae Holdings, Inc.) | |
|---|---|---|
| 1-year return | -4.5% | -13.8% |
| 5-year return | +42.1% | -47.5% |
| Volatility (ann.) | 28.8% | 29.8% |
| Beta vs S&P 500 | 1.47 | 0.98 |
| Max drawdown (3Y) | -27.8% | -50.0% |
| Market cap | $92.5B | $0.7B |
| P/E (trailing) | 76.7 | – |
| Dividend yield | 0.62% | 3.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BN | CNNE |
|---|---|---|
| 2022 | -34.6% | -41.3% |
| 2023 | +28.6% | -5.5% |
| 2024 | +44.2% | +3.7% |
| 2025 | +20.5% | -18.3% |
| 2026 | -9.4% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BN and CNNE good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BN and CNNE?
The BN/CNNE correlation stands at 0.59 on a 3-year window (1 year: 0.41, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is CNNE a good diversifier for BN?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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.
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Related comparisons
Hubs: BN correlations · CNNE correlations
