# How Brookfield Finance Inc. 4.50% P (BNJ) compares with the whole market and its popular alternatives

> Source: EasyCompare research, https://easycompare.io/research/bnj
> Data as of October 20, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on BNJ alone. It places BNJ (Brookfield Finance Inc. 4.50% P) against 9 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where BNJ stands in the market, and of the alternatives worth a closer look.

Period covered: BNJ's full trading record, from November 2020 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

## Key findings

- **Right now:** The slide is BNJ's own: it is 24.5% below its high, against 1.3% for the S&P 500. Over the past 6 months, BNJ fell 4.7% while the S&P 500 rose 9.1%.
- **Stock or market?:** BNJ fell 8.3% over the past 3 months, less than the 0.68 beta versus the S&P 500 would have implied (2.6%).
- **Past 1 to 3 years:** BNJ has gone against the market, falling 4.6% over the past year while the S&P 500 rose 15.8%. The same gap shows up over 3 years (23.8% against 89.3%). BNJ finished behind the S&P 500 in both 2024 and 2025.
- **Long term:** BNJ turned $10,000 into $7,640 over the past 5 years, against $18,200 in the S&P 500.
- **In a crash:** The 2022 bear market took 31.5% off BNJ, against 24.5% for the S&P 500, and less than junior subordinated debt peers such as BEPI (Brookfield Renewable Partners, 36.3%).
- **Diversification:** Against the S&P 500, BNJ has a correlation of 0.52 over 5 years, more closely than 77% of stocks worth at least $300 million. Next to an index fund it is some diversification, but not a hedge. Over 5 years, BNJ's beta versus the S&P 500 was 0.68: in the S&P 500's rising months it gained 52% as much as the index, and in falling months it lost 1.2 times as much.
- **Better options**
  - **Popular alternatives:** BND (Vanguard Total Bond Market ETF), PFF (iShares Preferred and Income Securities ETF) and PGX (Invesco Preferred ETF) earned more than BNJ with less volatility over the past 5 years. BND returned a loss of 0.4% a year at 6.1% volatility, against a loss of 5.2% a year at 18.6%.
  - **Nearby categories and themes:** USHY (iShares Broad USD High Yield Corporate Bond ETF, high yield bonds) and ICVT (iShares Convertible Bond ETF, corporate bonds) earned more than BNJ with less volatility over the past 5 years. USHY returned 3.6% a year at 7.4% volatility, against a loss of 5.2% a year at 18.6%.
  - **Whole market:** 647 of the 3,633 stocks and funds worth at least $500 million earned more than BNJ with less volatility over the past 5 years, among them VTI (Vanguard Morningstar Total Stock Market ETF), VOO (Vanguard S&P 500 ETF) and BRK-B (Berkshire Hathaway).

## How much would $10,000 in BNJ have grown?

This chart tracks a hypothetical $10,000 investment in BNJ over the past 5 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of BNJ over the same span and BNJ's popular alternatives, among those that traded for the entire period.

- $10,000 invested in BNJ at the end of September 2021 would have grown to $7,879 by September 2026, less than the $19,000 it would have become in SPY, an S&P 500 fund.
- Six of the seven other investments on the chart ended ahead of BNJ, and BN finished highest, at $13,162.

## BNJ at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout.

- BNJ is still 24.5% below its all-time high.
- BNJ's deepest decline since it began trading in 2020 was 39.3%, from October 2021 to October 2023. It has not yet climbed back to that peak.
- Over five full calendar years, BNJ's best was 2023, when it returned 15.2%, and its worst was 2022, when it lost 35.6%. It lost money in two of those years.

- Type: Stock, Financials (Asset Management)
- Trading since: November 27, 2020
- Market value: $82B
- Volatility (5 years): 18.6%; Sharpe ratio: -0.20
- Worst decline ever: −39.3%, from October 14, 2021 to October 19, 2023; not yet back at its high

| Period | BNJ total return |
| --- | --- |
| 1 month | −3.9% |
| 3 months | −8.3% |
| 6 months | −4.7% |
| year to date | −2.6% |
| 1 year | −4.6% |
| 3 years | +23.8% |
| 5 years | −23.6% |

## BNJ against the whole market

Where BNJ ranks among every stock and fund, and what across the market has done better.

### How does BNJ rank among all stocks?

This section ranks BNJ on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history.

- BNJ is among the steadier stocks: its price swings rank in the top 2% of the 2,893 stocks worth at least $300 million, where the top is the calmest.
- On return for the risk taken (the Sharpe ratio), BNJ ranks in the bottom 7% of the 2,893 stocks worth at least $300 million.

| Measure | BNJ | Rank |
| --- | --- | --- |
| 1-year return | −4.6% | 2,167 of 3,287 (top 66%) |
| 3-year return | +23.8% | 1,958 of 3,017 (top 65%) |
| 5-year return | −23.6% | 2,062 of 2,893 (top 72%) |
| Volatility, 5 years | 18.6% | 55 of 2,893 (top 2%) |
| Sharpe ratio, 5 years | -0.20 | 2,682 of 2,893 (top 93%) |

### What has beaten BNJ on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer).

- 37 stocks and 610 ETFs worth at least $500 million sit in the green region: each earned more than BNJ over the past 5 years with smaller price swings. That is 18% of the 3,633 screened.
- Among those with at least half BNJ's swings, LVHI has the best return for its risk: 17.0% a year at 11.1% volatility, 40% less than BNJ's 18.6%, and a Sharpe ratio (return above cash per unit of volatility) of 1.48 against -0.20 for BNJ.
- Among BNJ's popular alternatives, PFF, BND and PGX are in the region. PFF earned a loss of 0.2% a year against a loss of 5.2% a year for BNJ, at 10.5% volatility, 44% less than BNJ's 18.6%.

### Is there a better investment than BNJ?

The table below lists investments that beat BNJ over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes.

- Among BNJ's popular alternatives, BND, PFF and PGX earned more than BNJ with less volatility over the past 5 years. BND returned a loss of 0.4% a year at 6.1% volatility, against a loss of 5.2% a year at 18.6%.
- Looking beyond its popular alternatives, USHY (high yield bonds) and ICVT (corporate bonds) earned more than BNJ with less volatility over the past 5 years. USHY returned 3.6% a year at 7.4% volatility, against a loss of 5.2% a year at 18.6%.
- Across the whole market, 647 of the 3,633 stocks and funds worth at least $500 million earned more than BNJ with less volatility over the past 5 years, among them VTI, VOO and BRK-B.

The 15 strongest of 647 investments that beat BNJ over the past 5 years, out of 3,633 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 5Y return | Correlation with BNJ | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| BNJ: Brookfield Finance Inc. 4.50% P (this page) |  | −5.2% | 18.6% | -0.20 | −39.3% | −23.6% |  |  |
| [VOO](https://easycompare.io/research/voo): Vanguard S&P 500 ETF | US Large-Cap Equity | +12.8% | 16.9% | 0.80 | −34.0% | +82.3% | 0.52 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [BRK-B](https://easycompare.io/research/brk-b): Berkshire Hathaway Inc. | Insurance | +13.4% | 17.1% | 0.82 | −29.6% | +87.8% | 0.27 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | International Equity | +17.0% | 11.1% | 1.48 | −32.4% | +119% | 0.47 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| BALT: Innovator Defined Wealth Shield ETF | Crypto | +6.3% | 3.3% | 1.85 | −4.9% | +35.7% | 0.42 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| FLRT: Pacer Aristotle Pacific Floating Rate High Income ETF | Financials | +6.0% | 2.3% | 2.55 | −21.0% | +33.9% | 0.38 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [VIG](https://easycompare.io/research/vig): Vanguard Dividend Appreciation ETF | US Dividend Equity | +10.4% | 14.1% | 0.78 | −31.7% | +64.0% | 0.45 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [SCHD](https://easycompare.io/research/schd): Schwab U.S. Dividend Equity ETF | US Dividend Equity | +9.7% | 14.3% | 0.72 | −33.4% | +59.1% | 0.41 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [VT](https://easycompare.io/research/vt): Vanguard Total World Stock ETF | Global Equity | +10.3% | 16.2% | 0.69 | −34.2% | +63.3% | 0.57 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [EP-PC](https://easycompare.io/research/ep-pc): El Paso Energy Capital Trust I PFD CV TR SECS | Preferred Stocks | +5.2% | 8.9% | 0.61 | −25.4% | +28.5% | 0.42 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [DFAC](https://easycompare.io/research/dfac): Dimensional - US Core Equity 2 ETF | US Total Market | +11.4% | 17.0% | 0.72 | −23.1% | +71.5% | 0.54 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| PJUL: Innovator U.S. Equity Power Buffer ETF | Broad Market | +10.5% | 8.6% | 1.20 | −18.2% | +64.4% | 0.46 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| FJAN: FT Vest U.S. Equity Buffer ETF - January | Multi-Asset | +11.1% | 10.5% | 1.05 | −13.6% | +69.0% | 0.53 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [EFA](https://easycompare.io/research/efa): iShares MSCI EAFE ETF | Developed International Equity | +8.6% | 16.6% | 0.58 | −34.2% | +51.0% | 0.57 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [QUAL](https://easycompare.io/research/qual): iShares MSCI USA Quality Factor ETF | US Quality Equity | +11.4% | 17.3% | 0.71 | −34.1% | +71.5% | 0.53 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [JEPI](https://easycompare.io/research/jepi): JPMorgan Equity Premium Income ETF | Equity Income | +7.5% | 11.0% | 0.71 | −13.7% | +43.3% | 0.41 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |

## BNJ against its popular alternatives

The investments people most often weigh against BNJ, compared period by period and year by year.

### How do BNJ's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings.

- PFF, BND and PGX were both more rewarding and calmer than BNJ over the past 5 years, earning a higher annual return with lower volatility.
- Over the past 5 years, BNJ returned -5.2% a year, less than the S&P 500's 12.7%, with higher volatility (18.6% against 17.1%).

### Has BNJ consistently beaten its popular alternatives?

This section compares BNJ with the investments people most often weigh against it, checking each one over seven periods from one month to five years.

- BIPH outperformed BNJ in every long-term period and in all but one short-term period, the most consistent record in the group.
- Two of the nine popular alternatives, BIPH and BEPH, outperformed BNJ in at least 3 of 5 short-term and 2 of 2 long-term timeframes.
- PFF, BIPH and BND earned more for the risk they took than BNJ (a higher Sharpe ratio) and fell less in their worst decline of the past 10 years.

| Investment | 1Y return | 3Y return | 5Y return | Periods ahead of BNJ | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- |
| BNJ: Brookfield Finance Inc. 4.50% P (this page) | −4.6% | +23.8% | −23.6% |  |  | -0.20 |
| BIPH: Brookfield Infrastructure Finance ULC 5 % Notes 2021-24.05.81 Global | −4.1% | +25.4% | −16.1% | 4/5 short-term, 2/2 long-term | all-weather | -0.02 |
| BEPH: Brookfield BRP Holdings (Canada) Inc 4.625 % Notes 2021-Without Fixed Maturity Global Sub | −3.5% | +32.3% | −19.5% | 3/5 short-term, 2/2 long-term | consistent | -0.10 |
| [BN](https://easycompare.io/research/bn): Brookfield Corporation | −16.8% | +85.9% | +20.8% | 1/5 short-term, 2/2 long-term |  | 0.28 |
| [BND](https://easycompare.io/research/bnd): Vanguard Total Bond Market ETF | −2.1% | +15.7% | −1.8% | 5/5 short-term, 1/2 long-term |  | -0.03 |
| BEPI: Brookfield Renewable Partners L.P. | −2.5% | +34.9% | — | 4/5 short-term, 1/2 long-term |  | — |
| PFF: iShares Preferred and Income Securities ETF | −3.8% | +21.6% | −0.9% | 2/5 short-term, 1/2 long-term |  | 0.04 |
| [BNH](https://easycompare.io/research/bnh): Brookfield Finance Inc. | −5.7% | +19.1% | −21.3% | 2/5 short-term, 1/2 long-term |  | -0.14 |
| [BAM](https://easycompare.io/research/bam): Brookfield Asset Management Ltd. | −12.5% | +67.9% | — | 2/5 short-term, 1/2 long-term |  | — |
| PGX: Invesco Preferred ETF | −8.7% | +16.0% | −11.0% | 1/5 short-term, 1/2 long-term |  | -0.15 |

### How did BNJ do year by year?

This table shows each investment's total return in every full calendar year since 2021, along with where BNJ ranked among its popular alternatives each year.

- BNJ finished ahead of the S&P 500 in no of its five full calendar years, and behind it in each of the last five.
- Among its popular alternatives, BN came out ahead of BNJ most often, in four of the five years both traded.
- Ranked against its popular alternatives each year, BNJ finished in the top quarter in no of five years and in the bottom quarter in one. In 2025, it ranked 9 of 10.

| Year | BNJ | SPY |
| --- | --- | --- |
| 2025 | +2.5% | +17.7% |
| 2024 | +4.7% | +24.9% |
| 2023 | +15.2% | +26.2% |
| 2022 | −35.6% | −18.2% |
| 2021 | −0.7% | +28.7% |

## Risk and diversification

How BNJ has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

### What were BNJ's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high.

- Not every decline was the market's doing: BNJ fell 39.3% from October 2021 to October 2023, while the S&P 500 slipped only 0.6%.
- None of these declines kept BNJ below its old high for long; the longest climb back took five months.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −39.3% | October 14, 2021 | October 19, 2023 | not yet | −0.6% | 2022 bear market |
| −10.2% | December 31, 2020 | February 25, 2021 | July 29, 2021 | +2.3% |  |

### How did BNJ do in stock market crashes?

This section measures how far BNJ, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000.

- BNJ fell further than the S&P 500 in all two crashes it has traded through. The clearest case was the 2022 bear market, when BNJ fell 31.5% and the S&P 500 fell 24.5%.
- Among its popular alternatives, BND held up best, falling less than BNJ in all two crashes they both traded through.
- BNJ began trading after the 2008 financial crisis, but three of its popular alternatives lived through it. The mildest fall among them was BND's 9.3%, against 55.2% for the S&P 500.

| Crash | Dates | BNJ fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | not trading | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | not trading | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | not trading | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | not trading | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | not trading | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | not trading | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | not trading | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | not trading | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −31.5% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −4.0% | −3.4% |

### How closely does BNJ move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell.

- Seven of the seven popular alternatives had a higher capture ratio (upside capture divided by downside capture) than BNJ's 0.42, led by BN, PFF and BIPH.
- PFF took just 79% of the S&P 500's losses, against 123% for BNJ, while still keeping 45% of its gains.
- Over the past 5 years, BNJ captured 52% of the S&P 500's gains in rising months and 123% of its losses in falling months, with a beta of 0.68. Its share of the market's losses was larger than its share of the gains.

Measured over the past 5 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| BNJ: Brookfield Finance Inc. 4.50% P (this page) | 52.0% | 123% | 0.68 |
| BIPH: Brookfield Infrastructure Finance ULC 5 % Notes 2021-24.05.81 Global | 72.0% | 150% | 0.96 |
| BEPH: Brookfield BRP Holdings (Canada) Inc 4.625 % Notes 2021-Without Fixed Maturity Global Sub | 57.0% | 126% | 0.78 |
| [BN](https://easycompare.io/research/bn): Brookfield Corporation | 133% | 199% | 1.57 |
| [BND](https://easycompare.io/research/bnd): Vanguard Total Bond Market ETF | 19.0% | 39.0% | 0.26 |
| PFF: iShares Preferred and Income Securities ETF | 45.0% | 79.0% | 0.54 |
| [BNH](https://easycompare.io/research/bnh): Brookfield Finance Inc. | 60.0% | 138% | 0.76 |
| PGX: Invesco Preferred ETF | 41.0% | 87.0% | 0.55 |

### What diversifies BNJ?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions).

- Moving a fifth of the money in BNJ into MCK would have cut the portfolio's volatility by 17% over the past 5 years and raised its annual return (-4.7% for BNJ alone, +3.1% for the mix).
- MCK made money in two of the two calendar years in which BNJ lost money.
- Among large ETFs, LVHI, DXJ and EMLP have moved largely independently of BNJ over the past 5 years, with correlations of 0.47 or lower, and each still earned a positive 5-year return.

| Investment | Correlation with BNJ | 5Y return | Volatility | Sharpe | Rose in BNJ's 2 down years |
| --- | --- | --- | --- | --- | --- |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | 0.47 | +119% | 11.1% | 1.48 | 2 of 2 |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.30 | +225% | 19.1% | 1.34 | 2 of 2 |
| EMLP: First Trust North American Energy Infrastructure Fund | 0.33 | +101% | 14.5% | 1.04 | 2 of 2 |
| FJUN: FT Vest U.S. Equity Buffer ETF - June | 0.49 | +65.4% | 10.6% | 1.01 | 1 of 2 |
| HDV: iShares Core High Dividend ETF | 0.29 | +83.3% | 13.0% | 1.00 | 2 of 2 |
| FTLS: First Trust Long/Short Equity ETF | 0.43 | +62.9% | 10.4% | 0.99 | 1 of 2 |
| EWP: iShares MSCI Spain ETF | 0.45 | +140% | 20.3% | 0.97 | 1 of 2 |
| [SMH](https://easycompare.io/research/smh): VanEck Semiconductor ETF | 0.43 | +323% | 36.9% | 0.97 | 1 of 2 |

## Common questions

### What was BNJ's worst drawdown?

BNJ's deepest decline since it began trading in 2020 was 39.3%, from October 2021 to October 2023. It has not yet climbed back to that peak. Because BNJ launched in November 2020, that record does not include the dot-com bust, the 2008 financial crisis or six other sell-offs.

### What were BNJ's best and worst years?

Over five full calendar years, BNJ's best year was 2023, when it returned 15.2%. Its worst was 2022, with a return of -35.6%.

### Is there a better investment than BNJ?

Among BNJ's popular alternatives, BND, PFF and PGX earned more than BNJ with less volatility over the past 5 years. BND returned a loss of 0.4% a year at 6.1% volatility, against a loss of 5.2% a year at 18.6%. Looking beyond its popular alternatives, USHY (high yield bonds) and ICVT (corporate bonds) earned more than BNJ with less volatility over the past 5 years. USHY returned 3.6% a year at 7.4% volatility, against a loss of 5.2% a year at 18.6%.

### Is BNJ more volatile than the S&P 500?

Yes. BNJ's volatility over the past 5 years was 18.6%, 1.1 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, BNJ's return lands within 18.6% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

### What is BNJ's Sharpe ratio?

BNJ's Sharpe ratio over the past 5 years was -0.20, against 0.79 for the S&P 500, so BNJ earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

### How correlated is BNJ with the S&P 500?

Over the past 5 years, BNJ's monthly returns had a correlation of 0.52 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against BNJ instead: the lower it is, the more that option would diversify a BNJ holding.

### What are the best alternatives to BNJ?

Of the nine popular alternatives we compared, two outperformed BNJ in at least 3 of 5 short-term and 2 of 2 long-term timeframes, with dividends reinvested: BIPH and BEPH.

### Did BNJ outperform the S&P 500?

BNJ finished ahead of the S&P 500 (SPY) in no of five full calendar years. In 2025, it returned +2.5%, against +17.7% for the index.

### How did BNJ do in stock market crashes?

BNJ fell less than the S&P 500 (SPY) in none of the two major crashes it has traded through, and further in two. The clearest case was the 2022 bear market, when BNJ fell 31.5% and the S&P 500 fell 24.5%.

### What diversifies BNJ?

These had a low correlation with BNJ over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.47), DXJ (correlation 0.30) and EMLP (correlation 0.33); among large stocks, CAH (correlation 0.07), CLS (correlation 0.14) and FIX (correlation 0.21). A correlation near zero means the two have moved largely independently.

## More research

- [Brookfield (BN) Performance, Alternatives and Market Rank](https://easycompare.io/research/bn)
- [Vanguard Total Bond Market ETF (BND) Performance, Alternatives and Market Rank](https://easycompare.io/research/bnd)
- [Brookfield Finance (BNH) Performance, Alternatives and Market Rank](https://easycompare.io/research/bnh)
- [Brookfield Asset Management (BAM) Performance, Alternatives and Market Rank](https://easycompare.io/research/bam)
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## Explore further

- Full page with charts: https://easycompare.io/research/bnj
- All research pages: https://easycompare.io/llms.txt
- Compare the entire market against BNJ live: https://betterthanspy.com/?b=BNJ&utm_source=easycompare&utm_medium=research