BR vs SPGI: Correlation
Measured on weekly returns over the past three years, Broadridge Financial Solutions (BR) and S&P Global (SPGI) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and SPGI?
Over the past 3 years, BR and SPGI moved with a correlation of 0.63, which is strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.63 over 3. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 352.2 %².
In BR's tracked universe of 45 assets, SPGI sits right near the top at #3. On 12-month performance SPGI holds a 12.0-point edge, -27.6% against -15.6%. The link looks structural: the rolling one-year correlation barely moved, holding between 0.51 and 0.72.
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 SPGI: side by side
| BR (Broadridge Financial Solutions) | SPGI (S&P Global) | |
|---|---|---|
| 1-year return | -27.6% | -15.6% |
| 5-year return | +16.0% | +8.1% |
| Volatility (ann.) | 22.6% | 24.7% |
| Beta vs S&P 500 | 0.65 | 0.86 |
| Max drawdown (3Y) | -48.2% | -30.5% |
| Market cap | $20.9B | $128.4B |
| P/E (trailing) | 18.9 | 26.6 |
| Dividend yield | 2.15% | 0.88% |
| Sector / category | Industrials | Financials |
Year-by-year returns
| Year | BR | SPGI |
|---|---|---|
| 2022 | -25.3% | -28.4% |
| 2023 | +56.2% | +32.8% |
| 2024 | +11.7% | +13.9% |
| 2025 | +0.3% | +5.7% |
| 2026 | -17.0% | -11.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and SPGI good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BR and SPGI?
The BR/SPGI correlation stands at 0.63 on a 3-year window (1 year: 0.66, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is SPGI a good diversifier for BR?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 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-spgi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/br-vs-spgi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BR correlations · SPGI correlations
