BN vs ZBRA: Correlation
Measured on weekly returns over the past three years, Brookfield Corporation Class A Limited Voting Shares (BN) and Zebra Technologies (ZBRA) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BN and ZBRA?
On 3 years of weekly data the BN/ZBRA correlation comes out at 0.56, moderate. The link has loosened recently: the 1-year correlation (0.46) runs below the 3-year figure (0.56). The 5-year figure is 0.60, and annualized covariance runs at 654.2 %².
By 3-year correlation, ZBRA places #17 of the 32 assets tracked against BN. Correlation aside, the last 12 months split them widely, with ZBRA ahead by 16.8 points (-4.5% versus +12.3%).
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 ZBRA: side by side
| BN (Brookfield Corporation Class A Limited Voting Shares) | ZBRA (Zebra Technologies) | |
|---|---|---|
| 1-year return | -4.5% | +12.3% |
| 5-year return | +42.1% | -38.2% |
| Volatility (ann.) | 28.8% | 40.8% |
| Beta vs S&P 500 | 1.47 | 1.54 |
| Max drawdown (3Y) | -27.8% | -52.7% |
| Market cap | $92.5B | $17.1B |
| P/E (trailing) | 76.7 | 33.0 |
| Dividend yield | 0.62% | 0.00% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | BN | ZBRA |
|---|---|---|
| 2022 | -34.6% | -56.9% |
| 2023 | +28.6% | +6.6% |
| 2024 | +44.2% | +41.3% |
| 2025 | +20.5% | -37.1% |
| 2026 | -9.4% | +48.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BN and ZBRA good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BN and ZBRA?
As of 2026-08-27, the correlation of weekly returns between BN and ZBRA is 0.56 over 3 years, 0.46 over 1 year and 0.60 over 5 years.
Is ZBRA a good diversifier for BN?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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-zbra.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bn-vs-zbra/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BN correlations · ZBRA correlations
