BNT vs PBI: Correlation
Measured on weekly returns over the past three years, Brookfield Wealth Solutions Ltd. Class A Exchangeable (BNT) and Pitney Bowes Inc. (PBI) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BNT and PBI?
Across a 3-year window, the weekly returns of BNT and PBI correlate at 0.51, moderate. The past 12 months show a weaker link (0.15) than the 3-year average (0.51). Stretching to 5 years gives 0.44, with an annualized covariance of 733.4 %².
By 3-year correlation, PBI places #16 of the 28 assets tracked against BNT. Correlation aside, the last 12 months split them widely, with PBI ahead by 49.2 points (-4.5% versus +44.7%). One caveat on sizing: PBI is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 PBI: side by side
| BNT (Brookfield Wealth Solutions Ltd. Class A Exchangeable) | PBI (Pitney Bowes Inc.) | |
|---|---|---|
| 1-year return | -4.5% | +44.7% |
| 5-year return | +3.6% | +183.6% |
| Volatility (ann.) | 28.1% | 51.4% |
| Beta vs S&P 500 | 1.44 | 1.50 |
| Max drawdown (3Y) | -27.6% | -28.3% |
| Market cap | $11.4B | $2.4B |
| P/E (trailing) | 50.0 | 14.0 |
| Dividend yield | 0.62% | 2.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BNT | PBI |
|---|---|---|
| 2022 | -49.5% | -39.7% |
| 2023 | +30.1% | +22.2% |
| 2024 | +43.3% | +70.6% |
| 2025 | +20.6% | +50.4% |
| 2026 | -9.4% | +66.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BNT and PBI good diversifiers for each other?
Only partially. A correlation of 0.51 means BNT and PBI 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 PBI?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.15 over the last year and 0.44 over 5 years.
Is PBI a good diversifier for BNT?
Only partially. A correlation of 0.51 means BNT and PBI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bnt-vs-pbi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bnt-vs-pbi/)
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Related comparisons
Hubs: BNT correlations · PBI correlations
