BX vs TPG: Correlation
Measured on weekly returns over the past three years, Blackstone Inc. (BX) and TPG Inc. (TPG) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BX and TPG?
Over the past 3 years, BX and TPG moved with a correlation of 0.76, which is strong. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 973.7 %².
Few assets follow BX as closely as TPG, which ranks #2 of 35 tracked partners. Neither side won the trailing year by much: -12.9% against -8.1%.
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 TPG: side by side
| BX (Blackstone Inc.) | TPG (TPG Inc.) | |
|---|---|---|
| 1-year return | -12.9% | -8.1% |
| 5-year return | +37.5% | +91.2% |
| Volatility (ann.) | 34.0% | 37.6% |
| Beta vs S&P 500 | 1.36 | 1.62 |
| Max drawdown (3Y) | -46.5% | -44.8% |
| Market cap | $171.7B | $21.1B |
| P/E (trailing) | 32.1 | 78.2 |
| Dividend yield | 3.65% | 4.24% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BX | TPG |
|---|---|---|
| 2022 | -40.0% | – |
| 2023 | +82.7% | +62.4% |
| 2024 | +35.1% | +50.6% |
| 2025 | -7.8% | +5.1% |
| 2026 | -3.9% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BX and TPG good diversifiers for each other?
To a limited degree. At 0.76 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BX and TPG?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.74 over the last year and 0.77 over 5 years.
Is TPG a good diversifier for BX?
To a limited degree. At 0.76 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 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/bx-vs-tpg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bx-vs-tpg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BX correlations · TPG correlations
