BN vs IVZ: Correlation
Measured on weekly returns over the past three years, Brookfield Corporation Class A Limited Voting Shares (BN) and Invesco (IVZ) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BN and IVZ?
Over the past 3 years, BN and IVZ moved with a correlation of 0.65, which is strong. The past 12 months show a weaker link (0.51) than the 3-year average (0.65). Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 607.7 %².
By 3-year correlation, IVZ places #11 of the 32 assets tracked against BN. The last year tells two different stories: IVZ led by 60.4 percentage points, -4.5% for BN against +55.9% for IVZ.
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 IVZ: side by side
| BN (Brookfield Corporation Class A Limited Voting Shares) | IVZ (Invesco) | |
|---|---|---|
| 1-year return | -4.5% | +55.9% |
| 5-year return | +42.1% | +63.7% |
| Volatility (ann.) | 28.8% | 32.6% |
| Beta vs S&P 500 | 1.47 | 1.29 |
| Max drawdown (3Y) | -27.8% | -36.5% |
| Market cap | $92.5B | $14.7B |
| P/E (trailing) | 76.7 | – |
| Dividend yield | 0.62% | 2.58% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BN | IVZ |
|---|---|---|
| 2022 | -34.6% | -18.7% |
| 2023 | +28.6% | +4.2% |
| 2024 | +44.2% | +3.0% |
| 2025 | +20.5% | +56.9% |
| 2026 | -9.4% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BN and IVZ good diversifiers for each other?
Only partially. A correlation of 0.65 means BN and IVZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BN and IVZ?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.51 over the last year and 0.66 over 5 years.
Is IVZ a good diversifier for BN?
Only partially. A correlation of 0.65 means BN and IVZ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
A reading of 0.65 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bn-vs-ivz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bn-vs-ivz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BN correlations · IVZ correlations
