BNT vs KKR: Correlation
How closely do Brookfield Wealth Solutions Ltd. Class A Exchangeable (BNT) and KKR & Co. (KKR) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNT and KKR?
Across a 3-year window, the weekly returns of BNT and KKR correlate at 0.70, strong. Lately the two have drifted apart, with the 1-year correlation at 0.57 versus 0.70 over 3 years. Stretching to 5 years gives 0.67, with an annualized covariance of 746.3 %².
Among the 28 assets we track against BNT, KKR ranks #9 by 3-year correlation. The last year tells two different stories: BNT led by 17.1 percentage points, -4.5% for BNT against -21.6% for KKR.
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 KKR: side by side
| BNT (Brookfield Wealth Solutions Ltd. Class A Exchangeable) | KKR (KKR & Co.) | |
|---|---|---|
| 1-year return | -4.5% | -21.6% |
| 5-year return | +3.6% | +77.3% |
| Volatility (ann.) | 28.1% | 37.8% |
| Beta vs S&P 500 | 1.44 | 1.76 |
| Max drawdown (3Y) | -27.6% | -49.4% |
| Market cap | $11.4B | $101.0B |
| P/E (trailing) | 50.0 | 34.7 |
| Dividend yield | 0.62% | 0.70% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BNT | KKR |
|---|---|---|
| 2022 | -49.5% | -37.0% |
| 2023 | +30.1% | +80.5% |
| 2024 | +43.3% | +79.6% |
| 2025 | +20.6% | -13.3% |
| 2026 | -9.4% | -13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNT and KKR good diversifiers for each other?
Only partially. A correlation of 0.70 means BNT and KKR 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 BNT and KKR?
The BNT/KKR correlation stands at 0.70 on a 3-year window (1 year: 0.57, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is KKR a good diversifier for BNT?
Only partially. A correlation of 0.70 means BNT and KKR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
A reading of 0.70 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 · KKR correlations
