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Correlation Analysis

Blackrock, Inc. vs Costco Wholesale Corp

BLK vs COST

+0.725

Strong positive

When one moves up, the other tends to follow.

BLK logo

Blackrock, Inc.

BLK

BlackRock is the largest asset manager in the world, with $14.041 trillion in assets under management at the end of December 2025. Its product mix is diverse, with 55% of managed assets in equity strategies, 23% in fixed income, 9% in multi-asset classes, 6% in money market funds, and 5% in alternatives. Passive strategies account for more than two-thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which, by our calculations, account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one-third of managed assets coming from investors domiciled outside the US and Canada.

Market cap 149.2B · 24,900 employees

COST logo

Costco Wholesale Corp

COST

Founded in 1983, Costco Wholesale now operates a global chain of membership-based warehouse clubs, delivering high-quality goods and services at consistently low prices. As of its most recent fiscal year, Costco operated approximately 910 warehouses, serving more than 80 million members across its three geographic segments: Costco US (approximately 73% of total revenue), Costco Canada (13%), and Costco International (14%).Costco's core value proposition—quality products at unbeatable prices—has yielded consistently strong member renewal rates (93% in the US and Canada and nearly 90% internationally). About 55% of Costco's fiscal 2025 revenue came from its grocery offerings, and another 25% from general merchandise.

Market cap 451.9B

Apr 9, 2021 — Apr 7, 2026Daily1,254 data pointsStockStockFinancialsConsumer

Time Series

Relative Performance

Green: BLKGray: COST36 of 1,254 points (sampled)

Who Moves First

in sync

BLK and COST tend to move at the same time.

After testing 13 timing shifts, the strongest relationship was +0.725 (they moved in the same direction).

Do They Crash Together?

Correlation by Market Regime

How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.

Both Rising

+0.776

13 periods · Return correlation when both series rose

Both Falling

+0.455

8 periods · Return correlation when both series fell

Diverging

-0.557

14 periods · Return correlation when series moved apart

R-Squared

52.6%

Share of variance in one series explained by the other.

Trend Agreement

63.4%

How often both series moved in the same direction period-to-period.

Overlap Quality

1,254

Deep shared window — 1,254 usable pairs.

Significance

p < 0.001

95% CI: [0.698, 0.751]

Scatter

XY Regression

5676007008009001,0001,1001,1433064006008001,0001,134Blackrock, Inc.Costco Wholesale CorpData pointsFit (r = 0.725)

Pipeline

Data quality details

Pipeline Summary

1,254 paired data points survived the daily window.

Raw input

1,254

1,254

Normalized

1,254

1,254

Prepared

1,254

1,254

Aligned

1,254

1,254

Invalid removed

0

A: 0 / B: 0

Duplicates removed

0

A: 0 / B: 0

Alignment drops

0

A: 0 / B: 0

Series A

BLK logo

Blackrock, Inc.

BLK

Market cap 149.2B · 24,900 employees

Stock · 1,254 raw → 1,254 prepared

Series B

COST logo

Costco Wholesale Corp

COST

Market cap 451.9B

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

59

Estimated crossover points between normalized spreads.

Slope

0.9859

Linear regression slope.

Intercept

-148.4011

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

Saved 7 hours ago · ID: stock-blk-vs-stock-cost-daily