BX vs KKR: Correlation
Measured on weekly returns over the past three years, Blackstone Inc. (BX) and KKR & Co. (KKR) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BX and KKR?
Across a 3-year window, the weekly returns of BX and KKR correlate at 0.77, strong. Recent behaviour matches the longer record: 0.77 over 1 year against 0.77 over 3. Stretching to 5 years gives 0.78, with an annualized covariance of 993.4 %².
Few assets follow BX as closely as KKR, which ranks #1 of 35 tracked partners. Over the last 12 months BX came out ahead by 8.7 percentage points (-12.9% against -21.6%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.67 and 0.85.
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 KKR: side by side
| BX (Blackstone Inc.) | KKR (KKR & Co.) | |
|---|---|---|
| 1-year return | -12.9% | -21.6% |
| 5-year return | +37.5% | +77.3% |
| Volatility (ann.) | 34.0% | 37.8% |
| Beta vs S&P 500 | 1.36 | 1.76 |
| Max drawdown (3Y) | -46.5% | -49.4% |
| Market cap | $171.7B | $101.0B |
| P/E (trailing) | 32.1 | 34.7 |
| Dividend yield | 3.65% | 0.70% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BX | KKR |
|---|---|---|
| 2022 | -40.0% | -37.0% |
| 2023 | +82.7% | +80.5% |
| 2024 | +35.1% | +79.6% |
| 2025 | -7.8% | -13.3% |
| 2026 | -3.9% | -13.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BX and KKR good diversifiers for each other?
Only partially. A correlation of 0.77 means BX and KKR 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 KKR?
As of 2026-08-27, the correlation of weekly returns between BX and KKR is 0.77 over 3 years, 0.77 over 1 year and 0.78 over 5 years.
Is KKR a good diversifier for BX?
Only partially. A correlation of 0.77 means BX and KKR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 mean?
On the −1 to +1 scale, 0.77 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.
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Related comparisons
Hubs: BX correlations · KKR correlations
