BX vs CG: Correlation
Measured on weekly returns over the past three years, Blackstone Inc. (BX) and The Carlyle Group Inc. (CG) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BX and CG?
On 3 years of weekly data the BX/CG correlation comes out at 0.75, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.75 over 3. The 5-year figure is 0.75, and annualized covariance runs at 938.3 %².
CG is one of the assets that tracks BX most closely: it ranks #3 out of the 35 assets we track against BX. The trailing year gives BX the advantage: -12.9% versus -21.8%, a 8.9-point spread.
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.
BX vs CG: side by side
| BX (Blackstone Inc.) | CG (The Carlyle Group Inc.) | |
|---|---|---|
| 1-year return | -12.9% | -21.8% |
| 5-year return | +37.5% | +18.0% |
| Volatility (ann.) | 34.0% | 36.8% |
| Beta vs S&P 500 | 1.36 | 1.68 |
| Max drawdown (3Y) | -46.5% | -40.4% |
| Market cap | $171.7B | $17.5B |
| P/E (trailing) | 32.1 | 50.8 |
| Dividend yield | 3.65% | 2.86% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BX | CG |
|---|---|---|
| 2022 | -40.0% | -43.8% |
| 2023 | +82.7% | +42.6% |
| 2024 | +35.1% | +28.1% |
| 2025 | -7.8% | +20.2% |
| 2026 | -3.9% | -14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BX and CG good diversifiers for each other?
Only partially. A correlation of 0.75 means BX and CG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BX and CG?
The BX/CG correlation stands at 0.75 on a 3-year window (1 year: 0.74, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is CG a good diversifier for BX?
Only partially. A correlation of 0.75 means BX and CG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
A reading of 0.75 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/bx-vs-cg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bx-vs-cg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BX correlations · CG correlations
