BRO vs VIAV: Correlation
Brown & Brown (BRO) and Viavi Solutions Inc. (VIAV) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRO and VIAV?
Over the past 3 years, BRO and VIAV moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.55 versus -0.21 over 3 years. Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -245.1 %².
Out of 35 assets tracked against BRO, VIAV lands near the bottom at #31. Their recent paths diverged sharply: over the last 12 months VIAV outperformed by 270.2 percentage points (-25.0% for BRO against +245.2% for VIAV). Note the risk asymmetry: VIAV runs 1.9 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 VIAV: side by side
| BRO (Brown & Brown) | VIAV (Viavi Solutions Inc.) | |
|---|---|---|
| 1-year return | -25.0% | +245.2% |
| 5-year return | +27.5% | +132.5% |
| Volatility (ann.) | 24.4% | 47.3% |
| Beta vs S&P 500 | 0.39 | 1.14 |
| Max drawdown (3Y) | -55.8% | -41.7% |
| Market cap | $23.9B | $9.5B |
| P/E (trailing) | 23.3 | – |
| Dividend yield | 0.89% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BRO | VIAV |
|---|---|---|
| 2022 | -18.4% | -40.4% |
| 2023 | +25.7% | -4.2% |
| 2024 | +44.3% | +0.3% |
| 2025 | -21.4% | +76.4% |
| 2026 | -9.7% | +115.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRO and VIAV good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between BRO and VIAV?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.55 over the last year and -0.02 over 5 years.
Is VIAV a good diversifier for BRO?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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-viav.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bro-vs-viav/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRO correlations · VIAV correlations
