BN vs KKR: Correlation
How closely do Brookfield Corporation Class A Limited Voting Shares (BN) and KKR & Co. (KKR) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BN and KKR?
Over the past 3 years, BN and KKR moved with a correlation of 0.69, which is strong. The link has loosened recently: the 1-year correlation (0.55) runs below the 3-year figure (0.69). Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 755.3 %².
By 3-year correlation, KKR places #9 of the 32 assets tracked against BN. Correlation aside, the last 12 months split them widely, with BN ahead by 17.1 points (-4.5% versus -21.6%).
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 KKR: side by side
| BN (Brookfield Corporation Class A Limited Voting Shares) | KKR (KKR & Co.) | |
|---|---|---|
| 1-year return | -4.5% | -21.6% |
| 5-year return | +42.1% | +77.3% |
| Volatility (ann.) | 28.8% | 37.8% |
| Beta vs S&P 500 | 1.47 | 1.76 |
| Max drawdown (3Y) | -27.8% | -49.4% |
| Market cap | $92.5B | $101.0B |
| P/E (trailing) | 76.7 | 34.7 |
| Dividend yield | 0.62% | 0.70% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BN | KKR |
|---|---|---|
| 2022 | -34.6% | -37.0% |
| 2023 | +28.6% | +80.5% |
| 2024 | +44.2% | +79.6% |
| 2025 | +20.5% | -13.3% |
| 2026 | -9.4% | -13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BN and KKR good diversifiers for each other?
Only partially. A correlation of 0.69 means BN and KKR 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 KKR?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.55 over the last year and 0.70 over 5 years.
Is KKR a good diversifier for BN?
Only partially. A correlation of 0.69 means BN and KKR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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-kkr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bn-vs-kkr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BN correlations · KKR correlations
