BR vs MORN: Correlation
How closely do Broadridge Financial Solutions (BR) and Morningstar, Inc. (MORN) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and MORN?
On 3 years of weekly data the BR/MORN correlation comes out at 0.61, strong. The link has tightened recently: the 1-year correlation (0.77) runs above the 3-year figure (0.61). The 5-year figure is 0.59, and annualized covariance runs at 420.0 %².
Among the 45 assets we track against BR, MORN ranks #7 by 3-year correlation. Over the last 12 months MORN came out ahead by 11.0 percentage points (-27.6% against -16.6%).
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 MORN: side by side
| BR (Broadridge Financial Solutions) | MORN (Morningstar, Inc.) | |
|---|---|---|
| 1-year return | -27.6% | -16.6% |
| 5-year return | +16.0% | -15.1% |
| Volatility (ann.) | 22.6% | 30.5% |
| Beta vs S&P 500 | 0.65 | 0.77 |
| Max drawdown (3Y) | -48.2% | -60.0% |
| Market cap | $20.9B | $8.2B |
| P/E (trailing) | 18.9 | 20.2 |
| Dividend yield | 2.15% | 0.92% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BR | MORN |
|---|---|---|
| 2022 | -25.3% | -36.3% |
| 2023 | +56.2% | +33.1% |
| 2024 | +11.7% | +18.3% |
| 2025 | +0.3% | -35.1% |
| 2026 | -17.0% | +1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and MORN 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 MORN?
The BR/MORN correlation stands at 0.61 on a 3-year window (1 year: 0.77, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is MORN 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-morn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/br-vs-morn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BR correlations · MORN correlations
