BR vs ICE: Correlation
Measured on weekly returns over the past three years, Broadridge Financial Solutions (BR) and Intercontinental Exchange (ICE) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and ICE?
Over the past 3 years, BR and ICE moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 241.2 %².
Among the 45 assets we track against BR, ICE ranks #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ICE outperformed by 19.7 percentage points (-27.6% for BR against -7.9% for ICE). Stability stands out here, with the rolling one-year correlation confined to 0.36 through 0.58.
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 ICE: side by side
| BR (Broadridge Financial Solutions) | ICE (Intercontinental Exchange) | |
|---|---|---|
| 1-year return | -27.6% | -7.9% |
| 5-year return | +16.0% | +44.2% |
| Volatility (ann.) | 22.6% | 21.2% |
| Beta vs S&P 500 | 0.65 | 0.62 |
| Max drawdown (3Y) | -48.2% | -33.9% |
| Market cap | $20.9B | $90.5B |
| P/E (trailing) | 18.9 | 22.7 |
| Dividend yield | 2.15% | 1.24% |
| Sector / category | Industrials | Financials |
Year-by-year returns
| Year | BR | ICE |
|---|---|---|
| 2022 | -25.3% | -23.9% |
| 2023 | +56.2% | +27.1% |
| 2024 | +11.7% | +17.5% |
| 2025 | +0.3% | +9.9% |
| 2026 | -17.0% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and ICE good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BR and ICE?
As of 2026-08-27, the correlation of weekly returns between BR and ICE is 0.50 over 3 years, 0.54 over 1 year and 0.55 over 5 years.
Is ICE a good diversifier for BR?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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-ice.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/br-vs-ice/)
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Related comparisons
Hubs: BR correlations · ICE correlations
