BR vs MMS: Correlation
Measured on weekly returns over the past three years, Broadridge Financial Solutions (BR) and Maximus, Inc. (MMS) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and MMS?
On 3 years of weekly data the BR/MMS correlation comes out at 0.45, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.45 over 3. The 5-year figure is 0.42, and annualized covariance runs at 310.6 %².
Among the 45 assets we track against BR, MMS ranks #29 by 3-year correlation. Their 12-month results are close: -27.6% for BR against -30.7% for MMS.
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 MMS: side by side
| BR (Broadridge Financial Solutions) | MMS (Maximus, Inc.) | |
|---|---|---|
| 1-year return | -27.6% | -30.7% |
| 5-year return | +16.0% | -25.0% |
| Volatility (ann.) | 22.6% | 30.4% |
| Beta vs S&P 500 | 0.65 | 0.50 |
| Max drawdown (3Y) | -48.2% | -45.1% |
| Market cap | $20.9B | $3.1B |
| P/E (trailing) | 18.9 | 8.7 |
| Dividend yield | 2.15% | 2.14% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BR | MMS |
|---|---|---|
| 2022 | -25.3% | -6.4% |
| 2023 | +56.2% | +16.0% |
| 2024 | +11.7% | -9.7% |
| 2025 | +0.3% | +17.5% |
| 2026 | -17.0% | -29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and MMS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BR and MMS?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.48 over the last year and 0.42 over 5 years.
Is MMS a good diversifier for BR?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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-mms.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/br-vs-mms/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BR correlations · MMS correlations
