BRO vs PUMP: Correlation
Measured on weekly returns over the past three years, Brown & Brown (BRO) and ProPetro Holding Corp. (PUMP) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRO and PUMP?
Across a 3-year window, the weekly returns of BRO and PUMP correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.44 versus -0.20 over 3 years. Stretching to 5 years gives -0.03, with an annualized covariance of -318.5 %².
By 3-year correlation, PUMP places #26 of the 35 assets tracked against BRO. The last year tells two different stories: PUMP led by 153.2 percentage points, -25.0% for BRO against +128.2% for PUMP. Note the risk asymmetry: PUMP runs 2.7 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.
BRO vs PUMP: side by side
| BRO (Brown & Brown) | PUMP (ProPetro Holding Corp.) | |
|---|---|---|
| 1-year return | -25.0% | +128.2% |
| 5-year return | +27.5% | +45.4% |
| Volatility (ann.) | 24.4% | 65.1% |
| Beta vs S&P 500 | 0.39 | 0.73 |
| Max drawdown (3Y) | -55.8% | -59.1% |
| Market cap | $23.9B | $1.4B |
| P/E (trailing) | 23.3 | – |
| Dividend yield | 0.89% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BRO | PUMP |
|---|---|---|
| 2022 | -18.4% | +28.0% |
| 2023 | +25.7% | -19.2% |
| 2024 | +44.3% | +11.3% |
| 2025 | -21.4% | +1.9% |
| 2026 | -9.7% | +17.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRO and PUMP good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BRO and PUMP?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.44 over the last year and -0.03 over 5 years.
Is PUMP a good diversifier for BRO?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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/bro-vs-pump.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bro-vs-pump/)
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Related comparisons
Hubs: BRO correlations · PUMP correlations
