BX vs GCMG: Correlation
Measured on weekly returns over the past three years, Blackstone Inc. (BX) and GCM Grosvenor Inc. (GCMG) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BX and GCMG?
Over the past 3 years, BX and GCMG moved with a correlation of 0.47, which is moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 448.3 %².
By 3-year correlation, GCMG places #23 of the 35 assets tracked against BX. The last year tells two different stories: GCMG led by 22.1 percentage points, -12.9% for BX against +9.2% for GCMG.
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 GCMG: side by side
| BX (Blackstone Inc.) | GCMG (GCM Grosvenor Inc.) | |
|---|---|---|
| 1-year return | -12.9% | +9.2% |
| 5-year return | +37.5% | +52.8% |
| Volatility (ann.) | 34.0% | 28.2% |
| Beta vs S&P 500 | 1.36 | 0.76 |
| Max drawdown (3Y) | -46.5% | -31.3% |
| Market cap | $171.7B | $0.8B |
| P/E (trailing) | 32.1 | 25.8 |
| Dividend yield | 3.65% | 3.54% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BX | GCMG |
|---|---|---|
| 2022 | -40.0% | -24.0% |
| 2023 | +82.7% | +24.6% |
| 2024 | +35.1% | +43.0% |
| 2025 | -7.8% | -4.3% |
| 2026 | -3.9% | +23.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BX and GCMG good diversifiers for each other?
Reasonably. At 0.47, BX and GCMG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BX and GCMG?
The BX/GCMG correlation stands at 0.47 on a 3-year window (1 year: 0.49, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is GCMG a good diversifier for BX?
Reasonably. At 0.47, BX and GCMG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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
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Related comparisons
Hubs: BX correlations · GCMG correlations
