BN vs GCMG: Correlation
Brookfield Corporation Class A Limited Voting Shares (BN) and GCM Grosvenor Inc. (GCMG) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BN and GCMG?
Across a 3-year window, the weekly returns of BN and GCMG correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 381.1 %².
Among the 32 assets we track against BN, GCMG ranks #26 by 3-year correlation. On 12-month performance GCMG holds a 13.7-point edge, -4.5% against +9.2%.
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 GCMG: side by side
| BN (Brookfield Corporation Class A Limited Voting Shares) | GCMG (GCM Grosvenor Inc.) | |
|---|---|---|
| 1-year return | -4.5% | +9.2% |
| 5-year return | +42.1% | +52.8% |
| Volatility (ann.) | 28.8% | 28.2% |
| Beta vs S&P 500 | 1.47 | 0.76 |
| Max drawdown (3Y) | -27.8% | -31.3% |
| Market cap | $92.5B | $0.8B |
| P/E (trailing) | 76.7 | 25.8 |
| Dividend yield | 0.62% | 3.54% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BN | GCMG |
|---|---|---|
| 2022 | -34.6% | -24.0% |
| 2023 | +28.6% | +24.6% |
| 2024 | +44.2% | +43.0% |
| 2025 | +20.5% | -4.3% |
| 2026 | -9.4% | +23.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BN and GCMG good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BN and GCMG?
The BN/GCMG correlation stands at 0.47 on a 3-year window (1 year: 0.55, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is GCMG a good diversifier for BN?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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-gcmg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bn-vs-gcmg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BN correlations · GCMG correlations
