BR vs NDAQ: Correlation
Measured on weekly returns over the past three years, Broadridge Financial Solutions (BR) and Nasdaq, Inc. (NDAQ) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and NDAQ?
Over the past 3 years, BR and NDAQ moved with a correlation of 0.64, which is strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 334.3 %².
In BR's tracked universe of 45 assets, NDAQ sits right near the top at #2. The last year tells two different stories: NDAQ led by 33.7 percentage points, -27.6% for BR against +6.1% for NDAQ. The rolling one-year correlation moved between 0.33 and 0.74 over the past three years, a moderate range.
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 NDAQ: side by side
| BR (Broadridge Financial Solutions) | NDAQ (Nasdaq, Inc.) | |
|---|---|---|
| 1-year return | -27.6% | +6.1% |
| 5-year return | +16.0% | +64.4% |
| Volatility (ann.) | 22.6% | 23.2% |
| Beta vs S&P 500 | 0.65 | 0.80 |
| Max drawdown (3Y) | -48.2% | -23.4% |
| Market cap | $20.9B | $55.5B |
| P/E (trailing) | 18.9 | 29.0 |
| Dividend yield | 2.15% | 1.13% |
| Sector / category | Industrials | Financials |
Year-by-year returns
| Year | BR | NDAQ |
|---|---|---|
| 2022 | -25.3% | -11.2% |
| 2023 | +56.2% | -3.7% |
| 2024 | +11.7% | +34.8% |
| 2025 | +0.3% | +27.2% |
| 2026 | -17.0% | +3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and NDAQ good diversifiers for each other?
Only partially. A correlation of 0.64 means BR and NDAQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BR and NDAQ?
As of 2026-08-27, the correlation of weekly returns between BR and NDAQ is 0.64 over 3 years, 0.68 over 1 year and 0.62 over 5 years.
Is NDAQ a good diversifier for BR?
Only partially. A correlation of 0.64 means BR and NDAQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
A reading of 0.64 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-ndaq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/br-vs-ndaq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BR correlations · NDAQ correlations
