BNL vs WPC: Correlation
Bro (BNL) and W. P. Carey Inc. REIT (WPC) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNL and WPC?
Across a 3-year window, the weekly returns of BNL and WPC correlate at 0.71, strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. Stretching to 5 years gives 0.71, with an annualized covariance of 314.4 %².
WPC is one of the assets that tracks BNL most closely: it ranks #2 out of the 13 assets we track against BNL. On 12-month performance BNL holds a 11.2-point edge, +22.4% against +11.2%.
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.
BNL vs WPC: side by side
| BNL (Bro) | WPC (W. P. Carey Inc. REIT) | |
|---|---|---|
| 1-year return | +22.4% | +11.2% |
| 5-year return | +7.7% | +23.0% |
| Volatility (ann.) | 21.0% | 20.9% |
| Beta vs S&P 500 | 0.31 | 0.30 |
| Max drawdown (3Y) | -19.5% | -19.6% |
| Market cap | $4.5B | $16.0B |
| P/E (trailing) | 28.2 | 24.4 |
| Dividend yield | 5.47% | 5.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNL | WPC |
|---|---|---|
| 2022 | -30.8% | +0.5% |
| 2023 | +14.0% | -9.9% |
| 2024 | -1.1% | -10.6% |
| 2025 | +17.3% | +25.0% |
| 2026 | +25.3% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNL and WPC good diversifiers for each other?
Only partially. A correlation of 0.71 means BNL and WPC 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 BNL and WPC?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.71 over the last year and 0.71 over 5 years.
Is WPC a good diversifier for BNL?
Only partially. A correlation of 0.71 means BNL and WPC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
A reading of 0.71 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/bnl-vs-wpc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bnl-vs-wpc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BNL correlations · WPC correlations
