BR vs FDS: Correlation
Broadridge Financial Solutions (BR) and FactSet (FDS) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and FDS?
On 3 years of weekly data the BR/FDS correlation comes out at 0.59, moderate. The past 12 months show a tighter link (0.76) than the 3-year average (0.59). The 5-year figure is 0.60, and annualized covariance runs at 427.7 %².
By 3-year correlation, FDS places #12 of the 45 assets tracked against BR. On 12-month performance FDS holds a 9.0-point edge, -27.6% against -18.6%. This link changes with the market regime, having swung between 0.24 and 0.76 on a rolling one-year basis.
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 FDS: side by side
| BR (Broadridge Financial Solutions) | FDS (FactSet) | |
|---|---|---|
| 1-year return | -27.6% | -18.6% |
| 5-year return | +16.0% | -15.8% |
| Volatility (ann.) | 22.6% | 31.9% |
| Beta vs S&P 500 | 0.65 | 0.56 |
| Max drawdown (3Y) | -48.2% | -61.1% |
| Market cap | $20.9B | $10.8B |
| P/E (trailing) | 18.9 | 19.5 |
| Dividend yield | 2.15% | 1.51% |
| Sector / category | Industrials | Financials |
Year-by-year returns
| Year | BR | FDS |
|---|---|---|
| 2022 | -25.3% | -16.7% |
| 2023 | +56.2% | +20.0% |
| 2024 | +11.7% | +1.6% |
| 2025 | +0.3% | -38.9% |
| 2026 | -17.0% | +6.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and FDS good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BR and FDS?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.76 over the last year and 0.60 over 5 years.
Is FDS a good diversifier for BR?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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/br-vs-fds.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/br-vs-fds/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BR correlations · FDS correlations
