BNT vs CNNE: Correlation
Brookfield Wealth Solutions Ltd. Class A Exchangeable (BNT) and Cannae Holdings, Inc. (CNNE) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNT and CNNE?
On 3 years of weekly data the BNT/CNNE correlation comes out at 0.59, moderate. The link has loosened recently: the 1-year correlation (0.39) runs below the 3-year figure (0.59). The 5-year figure is 0.59, and annualized covariance runs at 493.9 %².
By 3-year correlation, CNNE places #13 of the 28 assets tracked against BNT. On 12-month performance BNT holds a 9.3-point edge, -4.5% against -13.8%.
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 CNNE: side by side
| BNT (Brookfield Wealth Solutions Ltd. Class A Exchangeable) | CNNE (Cannae Holdings, Inc.) | |
|---|---|---|
| 1-year return | -4.5% | -13.8% |
| 5-year return | +3.6% | -47.5% |
| Volatility (ann.) | 28.1% | 29.8% |
| Beta vs S&P 500 | 1.44 | 0.98 |
| Max drawdown (3Y) | -27.6% | -50.0% |
| Market cap | $11.4B | $0.7B |
| P/E (trailing) | 50.0 | – |
| Dividend yield | 0.62% | 3.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNT | CNNE |
|---|---|---|
| 2022 | -49.5% | -41.3% |
| 2023 | +30.1% | -5.5% |
| 2024 | +43.3% | +3.7% |
| 2025 | +20.6% | -18.3% |
| 2026 | -9.4% | +0.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNT and CNNE good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BNT and CNNE?
As of 2026-08-27, the correlation of weekly returns between BNT and CNNE is 0.59 over 3 years, 0.39 over 1 year and 0.59 over 5 years.
Is CNNE a good diversifier for BNT?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BNT correlations · CNNE correlations
