BNT vs CALX: Correlation
Brookfield Wealth Solutions Ltd. Class A Exchangeable (BNT) and Calix, Inc (CALX) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNT and CALX?
On 3 years of weekly data the BNT/CALX correlation comes out at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.30 versus 0.45 over 3 years. The 5-year figure is 0.35, and annualized covariance runs at 530.2 %².
By 3-year correlation, CALX places #22 of the 28 assets tracked against BNT. Correlation aside, the last 12 months split them widely, with BNT ahead by 32.0 points (-4.5% versus -36.5%).
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.
BNT vs CALX: side by side
| BNT (Brookfield Wealth Solutions Ltd. Class A Exchangeable) | CALX (Calix, Inc) | |
|---|---|---|
| 1-year return | -4.5% | -36.5% |
| 5-year return | +3.6% | -20.0% |
| Volatility (ann.) | 28.1% | 42.1% |
| Beta vs S&P 500 | 1.44 | 1.14 |
| Max drawdown (3Y) | -27.6% | -48.6% |
| Market cap | $11.4B | $2.4B |
| P/E (trailing) | 50.0 | 50.3 |
| Dividend yield | 0.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNT | CALX |
|---|---|---|
| 2022 | -49.5% | -14.4% |
| 2023 | +30.1% | -36.2% |
| 2024 | +43.3% | -20.2% |
| 2025 | +20.6% | +51.8% |
| 2026 | -9.4% | -28.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNT and CALX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BNT and CALX?
As of 2026-08-27, the correlation of weekly returns between BNT and CALX is 0.45 over 3 years, 0.30 over 1 year and 0.35 over 5 years.
Is CALX a good diversifier for BNT?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/bnt-vs-calx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bnt-vs-calx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BNT correlations · CALX correlations
