BN vs PBI: Correlation
Measured on weekly returns over the past three years, Brookfield Corporation Class A Limited Voting Shares (BN) and Pitney Bowes Inc. (PBI) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BN and PBI?
Across a 3-year window, the weekly returns of BN and PBI correlate at 0.50, moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.50). Stretching to 5 years gives 0.47, with an annualized covariance of 735.2 %².
By 3-year correlation, PBI places #22 of the 32 assets tracked against BN. The last year tells two different stories: PBI led by 49.2 percentage points, -4.5% for BN against +44.7% for PBI. Risk is not evenly split, since PBI carries 1.8 times the volatility of the other side.
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 PBI: side by side
| BN (Brookfield Corporation Class A Limited Voting Shares) | PBI (Pitney Bowes Inc.) | |
|---|---|---|
| 1-year return | -4.5% | +44.7% |
| 5-year return | +42.1% | +183.6% |
| Volatility (ann.) | 28.8% | 51.4% |
| Beta vs S&P 500 | 1.47 | 1.50 |
| Max drawdown (3Y) | -27.8% | -28.3% |
| Market cap | $92.5B | $2.4B |
| P/E (trailing) | 76.7 | 14.0 |
| Dividend yield | 0.62% | 2.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BN | PBI |
|---|---|---|
| 2022 | -34.6% | -39.7% |
| 2023 | +28.6% | +22.2% |
| 2024 | +44.2% | +70.6% |
| 2025 | +20.5% | +50.4% |
| 2026 | -9.4% | +66.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BN and PBI good diversifiers for each other?
Only partially. A correlation of 0.50 means BN and PBI 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 PBI?
As of 2026-08-27, the correlation of weekly returns between BN and PBI is 0.50 over 3 years, 0.19 over 1 year and 0.47 over 5 years.
Is PBI a good diversifier for BN?
Only partially. A correlation of 0.50 means BN and PBI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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-pbi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bn-vs-pbi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BN correlations · PBI correlations
