BR vs GLW: Correlation
Measured on weekly returns over the past three years, Broadridge Financial Solutions (BR) and Corning Inc. (GLW) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and GLW?
Across a 3-year window, the weekly returns of BR and GLW correlate at -0.15, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.43) than the 3-year average (-0.15). Stretching to 5 years gives 0.03, with an annualized covariance of -140.6 %².
By 3-year correlation, GLW places #36 of the 45 assets tracked against BR. Correlation aside, the last 12 months split them widely, with GLW ahead by 157.3 points (-27.6% versus +129.7%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.47 to 0.47. Risk is not evenly split, since GLW carries 1.9 times the volatility of the other side.
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 GLW: side by side
| BR (Broadridge Financial Solutions) | GLW (Corning Inc.) | |
|---|---|---|
| 1-year return | -27.6% | +129.7% |
| 5-year return | +16.0% | +331.4% |
| Volatility (ann.) | 22.6% | 42.1% |
| Beta vs S&P 500 | 0.65 | 1.15 |
| Max drawdown (3Y) | -48.2% | -51.5% |
| Market cap | $20.9B | $131.6B |
| P/E (trailing) | 18.9 | 70.4 |
| Dividend yield | 2.15% | 0.73% |
| Sector / category | Industrials | Information Technology |
Year-by-year returns
| Year | BR | GLW |
|---|---|---|
| 2022 | -25.3% | -11.6% |
| 2023 | +56.2% | -1.2% |
| 2024 | +11.7% | +60.6% |
| 2025 | +0.3% | +87.8% |
| 2026 | -17.0% | +75.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and GLW good diversifiers for each other?
Yes. With a correlation of -0.15, BR and GLW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BR and GLW?
As of 2026-08-27, the correlation of weekly returns between BR and GLW is -0.15 over 3 years, -0.43 over 1 year and 0.03 over 5 years.
Is GLW a good diversifier for BR?
Yes. With a correlation of -0.15, BR and GLW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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
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Related comparisons
Hubs: BR correlations · GLW correlations
