BR vs SYNX: Correlation
Broadridge Financial Solutions (BR) and Silynxcom Ltd. (SYNX) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BR and SYNX?
On 3 years of weekly data the BR/SYNX correlation comes out at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 711.3 %².
By 3-year correlation, SYNX places #33 of the 45 assets tracked against BR. The trailing year gives BR the advantage: -27.6% versus -39.0%, a 11.4-point spread. Note the risk asymmetry: SYNX runs 4.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SYNX: side by side
| BR (Broadridge Financial Solutions) | SYNX (Silynxcom Ltd.) | |
|---|---|---|
| 1-year return | -27.6% | -39.0% |
| 5-year return | +16.0% | n/a |
| Volatility (ann.) | 22.6% | 91.1% |
| Beta vs S&P 500 | 0.65 | 1.24 |
| Max drawdown (3Y) | -48.2% | -84.7% |
| Market cap | $20.9B | – |
| P/E (trailing) | 18.9 | – |
| Dividend yield | 2.15% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | BR | SYNX |
|---|---|---|
| 2022 | -25.3% | – |
| 2023 | +56.2% | – |
| 2024 | +11.7% | – |
| 2025 | +0.3% | -70.4% |
| 2026 | -17.0% | -5.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BR and SYNX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BR and SYNX?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.37 over the last year and n/a over 5 years.
Is SYNX a good diversifier for BR?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: BR correlations · SYNX correlations
