BR vs BRO: Correlation
Measured on weekly returns over the past three years, Broadridge Financial Solutions (BR) and Brown & Brown (BRO) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and BRO?
Across a 3-year window, the weekly returns of BR and BRO correlate at 0.52, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.52 over 3. Stretching to 5 years gives 0.57, with an annualized covariance of 285.5 %².
Among the 45 assets we track against BR, BRO ranks #19 by 3-year correlation. Their 12-month results are close: -27.6% for BR against -25.0% for BRO. On a rolling one-year basis the correlation drifted between 0.38 and 0.67, a moderate band.
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.
BR vs BRO: side by side
| BR (Broadridge Financial Solutions) | BRO (Brown & Brown) | |
|---|---|---|
| 1-year return | -27.6% | -25.0% |
| 5-year return | +16.0% | +27.5% |
| Volatility (ann.) | 22.6% | 24.4% |
| Beta vs S&P 500 | 0.65 | 0.39 |
| Max drawdown (3Y) | -48.2% | -55.8% |
| Market cap | $20.9B | $23.9B |
| P/E (trailing) | 18.9 | 23.3 |
| Dividend yield | 2.15% | 0.89% |
| Sector / category | Industrials | Financials |
Year-by-year returns
| Year | BR | BRO |
|---|---|---|
| 2022 | -25.3% | -18.4% |
| 2023 | +56.2% | +25.7% |
| 2024 | +11.7% | +44.3% |
| 2025 | +0.3% | -21.4% |
| 2026 | -17.0% | -9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and BRO good diversifiers for each other?
To a limited degree. At 0.52 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 BR and BRO?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.51 over the last year and 0.57 over 5 years.
Is BRO a good diversifier for BR?
To a limited degree. At 0.52 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 0.52 mean?
A reading of 0.52 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/br-vs-bro.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/br-vs-bro/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BR correlations · BRO correlations
