BR vs EXLS: Correlation
Measured on weekly returns over the past three years, Broadridge Financial Solutions (BR) and ExlService Holdings, Inc. (EXLS) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and EXLS?
On 3 years of weekly data the BR/EXLS correlation comes out at 0.61, strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.61 over 3. The 5-year figure is 0.54, and annualized covariance runs at 435.1 %².
Within BR's tracked universe of 45 assets, EXLS comes in at #6 by 3-year correlation. The trailing year gives EXLS the advantage: -27.6% versus -13.4%, a 14.2-point spread.
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 EXLS: side by side
| BR (Broadridge Financial Solutions) | EXLS (ExlService Holdings, Inc.) | |
|---|---|---|
| 1-year return | -27.6% | -13.4% |
| 5-year return | +16.0% | +55.2% |
| Volatility (ann.) | 22.6% | 31.7% |
| Beta vs S&P 500 | 0.65 | 0.77 |
| Max drawdown (3Y) | -48.2% | -51.3% |
| Market cap | $20.9B | $5.8B |
| P/E (trailing) | 18.9 | 23.7 |
| Dividend yield | 2.15% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BR | EXLS |
|---|---|---|
| 2022 | -25.3% | +17.0% |
| 2023 | +56.2% | -9.0% |
| 2024 | +11.7% | +43.9% |
| 2025 | +0.3% | -4.4% |
| 2026 | -17.0% | -10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and EXLS good diversifiers for each other?
To a limited degree. At 0.61 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 EXLS?
As of 2026-08-27, the correlation of weekly returns between BR and EXLS is 0.61 over 3 years, 0.69 over 1 year and 0.54 over 5 years.
Is EXLS a good diversifier for BR?
To a limited degree. At 0.61 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 0.61 mean?
On the −1 to +1 scale, 0.61 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/br-vs-exls.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/br-vs-exls/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BR correlations · EXLS correlations
