BR vs CSGP: Correlation
How closely do Broadridge Financial Solutions (BR) and CoStar Group (CSGP) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and CSGP?
Over the past 3 years, BR and CSGP moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 431.9 %².
Among the 45 assets we track against BR, CSGP ranks #20 by 3-year correlation. The last year tells two different stories: BR led by 37.4 percentage points, -27.6% for BR against -65.0% for CSGP. On a rolling one-year basis the correlation drifted between 0.30 and 0.56, a moderate band. One caveat on sizing: CSGP is 1.6 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.
BR vs CSGP: side by side
| BR (Broadridge Financial Solutions) | CSGP (CoStar Group) | |
|---|---|---|
| 1-year return | -27.6% | -65.0% |
| 5-year return | +16.0% | -62.7% |
| Volatility (ann.) | 22.6% | 36.5% |
| Beta vs S&P 500 | 0.65 | 0.86 |
| Max drawdown (3Y) | -48.2% | -72.2% |
| Market cap | $20.9B | $12.7B |
| P/E (trailing) | 18.9 | 174.1 |
| Dividend yield | 2.15% | 0.00% |
| Sector / category | Industrials | Real Estate |
Year-by-year returns
| Year | BR | CSGP |
|---|---|---|
| 2022 | -25.3% | -2.2% |
| 2023 | +56.2% | +13.1% |
| 2024 | +11.7% | -18.1% |
| 2025 | +0.3% | -6.1% |
| 2026 | -17.0% | -53.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and CSGP good diversifiers for each other?
Only partially. A correlation of 0.52 means BR and CSGP 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 BR and CSGP?
As of 2026-08-27, the correlation of weekly returns between BR and CSGP is 0.52 over 3 years, 0.55 over 1 year and 0.52 over 5 years.
Is CSGP a good diversifier for BR?
Only partially. A correlation of 0.52 means BR and CSGP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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.
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Related comparisons
Hubs: BR correlations · CSGP correlations
