BR vs PAYX: Correlation
Broadridge Financial Solutions (BR) and Paychex (PAYX) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and PAYX?
Across a 3-year window, the weekly returns of BR and PAYX correlate at 0.62, strong. The link has tightened recently: the 1-year correlation (0.74) runs above the 3-year figure (0.62). Stretching to 5 years gives 0.66, with an annualized covariance of 299.2 %².
By 3-year correlation, PAYX places #5 of the 45 assets tracked against BR. Correlation aside, the last 12 months split them widely, with PAYX ahead by 22.8 points (-27.6% versus -4.8%). Across three years, the rolling one-year figure varied moderately, from 0.32 to 0.74.
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 PAYX: side by side
| BR (Broadridge Financial Solutions) | PAYX (Paychex) | |
|---|---|---|
| 1-year return | -27.6% | -4.8% |
| 5-year return | +16.0% | +29.0% |
| Volatility (ann.) | 22.6% | 21.3% |
| Beta vs S&P 500 | 0.65 | 0.47 |
| Max drawdown (3Y) | -48.2% | -45.0% |
| Market cap | $20.9B | $45.0B |
| P/E (trailing) | 18.9 | 25.5 |
| Dividend yield | 2.15% | 0.00% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | BR | PAYX |
|---|---|---|
| 2022 | -25.3% | -13.2% |
| 2023 | +56.2% | +6.2% |
| 2024 | +11.7% | +21.3% |
| 2025 | +0.3% | -17.5% |
| 2026 | -17.0% | +16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and PAYX good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BR and PAYX?
The BR/PAYX correlation stands at 0.62 on a 3-year window (1 year: 0.74, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is PAYX a good diversifier for BR?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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-payx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/br-vs-payx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BR correlations · PAYX correlations
