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Correlation Analysis

Microsoft Corp vs Blackrock, Inc.

MSFT vs BLK

+0.759

Strong positive

When one moves up, the other tends to follow.

MSFT logo

Microsoft Corp

MSFT

Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three equally sized broad segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops).

Market cap 2.8T

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

Apr 9, 2021 — Apr 7, 2026Daily1,254 observationsStockStockTechnologyFinancials

Who Moves First

MSFT leads BLK by 6 days

MSFT tends to move before BLK.

Best correlation after shifting: +0.764 (13 shifts scanned)

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

+0.470

14 periods · Return correlation when both series rose

Both Falling

-0.010

11 periods · Return correlation when both series fell

Diverging

-0.518

10 periods · Return correlation when series moved apart

R-Squared

57.6%

Share of variance in one series explained by the other.

Trend Agreement

64.1%

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: [0.735, 0.782]

Time Series

Rebased to 100

Green: MSFTGray: BLK36 of 1,254 points (sampled)

Scatter

XY Regression

208.6250300350400450500549.35676007008009001,0001,1001,143Microsoft CorpBlackrock, Inc.Data pointsFit (r = 0.759)

Pipeline

Data quality details

Pipeline Summary

1,254 paired observations 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

MSFT logo

Microsoft Corp

MSFT

Market cap 2.8T

Stock · 1,254 raw → 1,254 prepared

Series B

BLK logo

Blackrock, Inc.

BLK

Market cap 149.2B · 24,900 employees

Stock · 1,254 raw → 1,254 prepared

Sign agreement

100.0%

How often both values share the same sign.

Zero crossings

18

Estimated crossover points between normalized spreads.

Slope

1.4167

Linear regression slope.

Intercept

335.0277

Linear regression intercept.

Related Extremes

Highest and Lowest Correlated

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