BN vs PNR: Correlation
Brookfield Corporation Class A Limited Voting Shares (BN) and Pentair (PNR) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BN and PNR?
Across a 3-year window, the weekly returns of BN and PNR correlate at 0.58, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.31 versus 0.58 over 3 years. Stretching to 5 years gives 0.61, with an annualized covariance of 471.8 %².
Within BN's tracked universe of 32 assets, PNR comes in at #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BN ahead by 38.0 points (-4.5% versus -42.5%).
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 PNR: side by side
| BN (Brookfield Corporation Class A Limited Voting Shares) | PNR (Pentair) | |
|---|---|---|
| 1-year return | -4.5% | -42.5% |
| 5-year return | +42.1% | -14.1% |
| Volatility (ann.) | 28.8% | 28.2% |
| Beta vs S&P 500 | 1.47 | 1.07 |
| Max drawdown (3Y) | -27.8% | -45.0% |
| Market cap | $92.5B | $9.9B |
| P/E (trailing) | 76.7 | 16.2 |
| Dividend yield | 0.62% | 1.65% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BN | PNR |
|---|---|---|
| 2022 | -34.6% | -37.4% |
| 2023 | +28.6% | +64.2% |
| 2024 | +44.2% | +40.0% |
| 2025 | +20.5% | +4.5% |
| 2026 | -9.4% | -39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BN and PNR good diversifiers for each other?
Only partially. A correlation of 0.58 means BN and PNR 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 PNR?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.31 over the last year and 0.61 over 5 years.
Is PNR a good diversifier for BN?
Only partially. A correlation of 0.58 means BN and PNR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 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-pnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bn-vs-pnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BN correlations · PNR correlations
