BRO vs CTAS: Correlation
Measured on weekly returns over the past three years, Brown & Brown (BRO) and Cintas (CTAS) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRO and CTAS?
On 3 years of weekly data the BRO/CTAS correlation comes out at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 281.9 %².
Within BRO's tracked universe of 35 assets, CTAS comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CTAS ahead by 21.7 points (-25.0% versus -3.3%). Across three years, the rolling one-year figure varied moderately, from 0.30 to 0.58.
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.
BRO vs CTAS: side by side
| BRO (Brown & Brown) | CTAS (Cintas) | |
|---|---|---|
| 1-year return | -25.0% | -3.3% |
| 5-year return | +27.5% | +117.4% |
| Volatility (ann.) | 24.4% | 23.2% |
| Beta vs S&P 500 | 0.39 | 0.71 |
| Max drawdown (3Y) | -55.8% | -27.7% |
| Market cap | $23.9B | $81.7B |
| P/E (trailing) | 23.3 | 41.8 |
| Dividend yield | 0.89% | 0.87% |
| Sector / category | Financials | Industrials |
Year-by-year returns
| Year | BRO | CTAS |
|---|---|---|
| 2022 | -18.4% | +3.0% |
| 2023 | +25.7% | +34.8% |
| 2024 | +44.3% | +22.2% |
| 2025 | -21.4% | +3.8% |
| 2026 | -9.7% | +9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRO and CTAS good diversifiers for each other?
To a limited degree. At 0.50 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 BRO and CTAS?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.54 over the last year and 0.57 over 5 years.
Is CTAS a good diversifier for BRO?
To a limited degree. At 0.50 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 0.50 mean?
On the −1 to +1 scale, 0.50 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/bro-vs-ctas.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bro-vs-ctas/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRO correlations · CTAS correlations
