Blackstone Inc. vs KKR & Co. Inc.
Measured twinBX / KKRPrices through Nov 10, 2026
Why these are rivals: #1 and #2 by market value ($89B vs $86B) in Nasdaq's "Investment Managers" industry; SEC SIC 6282 / 6282 (same major group); #1 and #2 by market value ($89B vs $86B) with SEC SIC 6282 (Investment Advice).
The price gap between these two has a measured habit of closing. A 2 standard deviation gap becomes a paired paper idea.
- no divergence: z = -0.59 (needs |z| >= 2.0)
Business leadership
KKR is the larger business
Annual revenue reported to the SEC. Scale, not market share.
| Year | BX | KKR | Larger |
|---|---|---|---|
| 2025 | $14.5B | $19.5B | KKR |
| 2024 | $13.2B | $21.9B | KKR |
| 2023 | $8.0B | $14.5B | KKR |
| 2022 | $8.5B | $5.7B | BX |
| 2021 | $22.6B | $16.2B | BX |
| 2020 | $6.1B | $4.2B | BX |
Revenue lead switched: 2023 to KKR. Market value: BX $88.7B, KKR $86.2B.
Stock leadership
KKR is ahead now
Measured against the pair's own last 252 trading days.
KKR leads BX by 0.59 standard deviations: +2.1% over its usual price ratio. 4 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| BX | -16.3% | -0.2% | -16.0% |
| KKR | -9.1% | +1.4% | -16.9% |
Relationship
The gap has closed before
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2534 (needs >= 254)
- Pass
- Co-movement: daily return correlation, 252 sessions: 0.83 (needs >= 0.60)
- Pass
- Mean reversion: ADF t-statistic of the spread: -3.48 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 8.08 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
BX Blackstone Inc. KKR KKR & Co. Inc.Price index, 100 = 2024-11-06. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
Spread z-score: BX relative to KKR, against the 252 sessions before each day. Above 0: BX ahead; below 0: KKR ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | BX index | KKR index | z | Ahead |
|---|---|---|---|---|
| 2026-11-10 | 69.47 | 66.23 | -0.59 | KKR ahead |
| 2026-11-09 | 70.33 | 64.42 | +0.56 | BX ahead |
| 2026-11-06 | 67.75 | 63.36 | -0.03 | near the usual relationship |
| 2026-11-05 | 67.93 | 64.56 | -0.48 | near the usual relationship |
| 2026-11-04 | 71.19 | 66.55 | -0.01 | near the usual relationship |
| 2026-11-03 | 67.01 | 63.04 | -0.20 | near the usual relationship |
| 2026-11-02 | 68.11 | 64.37 | -0.33 | near the usual relationship |
| 2026-10-30 | 67.19 | 61.99 | +0.36 | near the usual relationship |
| 2026-10-29 | 68.38 | 62.93 | +0.43 | near the usual relationship |
| 2026-10-28 | 66.37 | 61.10 | +0.42 | near the usual relationship |
| 2026-10-27 | 66.16 | 60.37 | +0.67 | BX ahead |
| 2026-10-26 | 67.50 | 60.17 | +1.34 | BX ahead |
| 2026-10-23 | 66.88 | 59.99 | +1.16 | BX ahead |
| 2026-10-22 | 67.33 | 61.13 | +0.80 | BX ahead |
| 2026-10-21 | 62.12 | 59.02 | -0.49 | near the usual relationship |
| 2026-10-20 | 62.56 | 58.59 | -0.09 | near the usual relationship |
| 2026-10-19 | 60.72 | 57.14 | -0.23 | near the usual relationship |
| 2026-10-16 | 60.44 | 56.62 | -0.11 | near the usual relationship |
| 2026-10-15 | 61.91 | 57.55 | +0.10 | near the usual relationship |
| 2026-10-14 | 60.22 | 56.22 | -0.03 | near the usual relationship |
| 2026-10-13 | 62.35 | 57.24 | +0.42 | near the usual relationship |
| 2026-10-12 | 65.08 | 60.10 | +0.26 | near the usual relationship |
| 2026-10-09 | 64.80 | 59.73 | +0.30 | near the usual relationship |
| 2026-10-08 | 63.88 | 58.82 | +0.33 | near the usual relationship |
| 2026-10-07 | 63.40 | 58.89 | +0.09 | near the usual relationship |
| 2026-10-06 | 64.27 | 59.55 | +0.15 | near the usual relationship |
| 2026-10-05 | 63.30 | 59.08 | -0.06 | near the usual relationship |
| 2026-10-02 | 63.36 | 59.30 | -0.13 | near the usual relationship |
| 2026-10-01 | 63.64 | 59.92 | -0.30 | near the usual relationship |
| 2026-09-30 | 63.55 | 59.96 | -0.36 | near the usual relationship |
| 2026-09-29 | 64.63 | 61.19 | -0.45 | near the usual relationship |
| 2026-09-28 | 64.95 | 61.23 | -0.35 | near the usual relationship |
| 2026-09-25 | 67.14 | 63.49 | -0.43 | near the usual relationship |
| 2026-09-24 | 66.45 | 62.81 | -0.42 | near the usual relationship |
| 2026-09-23 | 67.62 | 63.84 | -0.40 | near the usual relationship |
| 2026-09-22 | 70.31 | 64.65 | +0.29 | near the usual relationship |
| 2026-09-21 | 71.67 | 66.22 | +0.16 | near the usual relationship |
| 2026-09-18 | 70.85 | 64.89 | +0.39 | near the usual relationship |
| 2026-09-17 | 71.10 | 64.48 | +0.65 | BX ahead |
| 2026-09-16 | 69.99 | 63.60 | +0.60 | BX ahead |
| 2026-09-15 | 71.83 | 65.67 | +0.44 | near the usual relationship |
| 2026-09-14 | 72.74 | 67.16 | +0.18 | near the usual relationship |
| 2026-09-11 | 72.86 | 66.38 | +0.52 | BX ahead |
| 2026-09-10 | 71.10 | 66.24 | -0.06 | near the usual relationship |
| 2026-09-09 | 73.18 | 68.36 | -0.13 | near the usual relationship |
| 2026-09-08 | 75.96 | 69.44 | +0.44 | near the usual relationship |
| 2026-09-04 | 77.19 | 70.75 | +0.37 | near the usual relationship |
| 2026-09-03 | 78.06 | 72.08 | +0.18 | near the usual relationship |
| 2026-09-02 | 77.57 | 69.90 | +0.82 | BX ahead |
| 2026-09-01 | 77.48 | 69.88 | +0.80 | BX ahead |
| 2026-08-31 | 81.21 | 72.06 | +1.24 | BX ahead |
| 2026-08-28 | 80.73 | 71.37 | +1.34 | BX ahead |
| 2026-08-27 | 81.44 | 71.79 | +1.43 | BX ahead |
| 2026-08-26 | 81.19 | 71.26 | +1.56 | BX ahead |
| 2026-08-25 | 81.31 | 70.65 | +1.84 | BX ahead |
| 2026-08-24 | 81.44 | 70.48 | +1.97 | BX ahead |
| 2026-08-21 | 81.29 | 71.24 | +1.65 | BX ahead |
| 2026-08-20 | 80.14 | 70.28 | +1.65 | BX ahead |
| 2026-08-19 | 82.26 | 72.54 | +1.52 | BX ahead |
| 2026-08-18 | 79.71 | 70.39 | +1.49 | BX ahead |
| 2026-08-17 | 79.70 | 71.47 | +1.09 | BX ahead |
| 2026-08-14 | 81.60 | 74.87 | +0.47 | near the usual relationship |
| 2026-08-13 | 84.66 | 75.72 | +1.17 | BX ahead |
| 2026-08-12 | 83.01 | 72.83 | +1.70 | BX ahead |
| 2026-08-11 | 83.44 | 72.88 | +1.85 | BX ahead |
| 2026-08-10 | 80.32 | 68.19 | +2.66 | BX ahead |
| 2026-08-07 | 77.75 | 67.52 | +2.06 | BX ahead |
| 2026-08-06 | 75.66 | 67.87 | +1.18 | BX ahead |
| 2026-08-05 | 77.12 | 69.38 | +1.11 | BX ahead |
| 2026-08-04 | 77.79 | 71.06 | +0.69 | BX ahead |
| 2026-08-03 | 76.36 | 69.98 | +0.61 | BX ahead |
| 2026-07-31 | 72.43 | 66.61 | +0.52 | BX ahead |
| 2026-07-30 | 72.61 | 66.32 | +0.72 | BX ahead |
| 2026-07-29 | 73.36 | 65.20 | +1.47 | BX ahead |
| 2026-07-28 | 75.92 | 67.42 | +1.50 | BX ahead |
| 2026-07-27 | 75.18 | 66.74 | +1.52 | BX ahead |
| 2026-07-24 | 73.70 | 65.25 | +1.61 | BX ahead |
| 2026-07-23 | 70.59 | 63.03 | +1.39 | BX ahead |
| 2026-07-22 | 69.63 | 62.74 | +1.15 | BX ahead |
| 2026-07-21 | 70.39 | 63.77 | +1.01 | BX ahead |
| 2026-07-20 | 70.08 | 63.68 | +0.94 | BX ahead |
| 2026-07-17 | 71.95 | 66.29 | +0.57 | BX ahead |
| 2026-07-16 | 73.12 | 67.48 | +0.53 | BX ahead |
| 2026-07-15 | 72.03 | 66.30 | +0.61 | BX ahead |
| 2026-07-14 | 70.62 | 63.84 | +1.09 | BX ahead |
| 2026-07-13 | 69.19 | 63.64 | +0.64 | BX ahead |
| 2026-07-10 | 69.79 | 63.66 | +0.86 | BX ahead |
| 2026-07-09 | 69.25 | 63.22 | +0.85 | BX ahead |
| 2026-07-08 | 67.25 | 61.27 | +0.91 | BX ahead |
| 2026-07-07 | 68.54 | 62.48 | +0.90 | BX ahead |
| 2026-07-06 | 69.97 | 63.03 | +1.21 | BX ahead |
| 2026-07-02 | 69.61 | 61.63 | +1.66 | BX ahead |
| 2026-07-01 | 67.78 | 60.79 | +1.34 | BX ahead |
| 2026-06-30 | 66.71 | 60.27 | +1.16 | BX ahead |
| 2026-06-29 | 65.13 | 58.41 | +1.35 | BX ahead |
| 2026-06-26 | 65.43 | 59.19 | +1.14 | BX ahead |
| 2026-06-25 | 64.74 | 60.85 | +0.20 | near the usual relationship |
| 2026-06-24 | 64.06 | 60.10 | +0.25 | near the usual relationship |
| 2026-06-23 | 68.07 | 61.40 | +1.22 | BX ahead |
| 2026-06-22 | 69.88 | 63.64 | +0.99 | BX ahead |
| 2026-06-18 | 70.18 | 63.71 | +1.07 | BX ahead |
| 2026-06-17 | 70.88 | 63.81 | +1.28 | BX ahead |
| 2026-06-16 | 72.50 | 65.00 | +1.39 | BX ahead |
| 2026-06-15 | 70.66 | 64.41 | +1.00 | BX ahead |
| 2026-06-12 | 69.62 | 63.20 | +1.10 | BX ahead |
| 2026-06-11 | 68.53 | 62.59 | +0.97 | BX ahead |
| 2026-06-10 | 67.17 | 62.40 | +0.57 | BX ahead |
| 2026-06-09 | 68.20 | 62.94 | +0.73 | BX ahead |
| 2026-06-08 | 64.74 | 61.21 | +0.17 | near the usual relationship |
| 2026-06-05 | 65.40 | 61.34 | +0.37 | near the usual relationship |
| 2026-06-04 | 67.21 | 62.69 | +0.50 | BX ahead |
| 2026-06-03 | 62.52 | 59.45 | +0.06 | near the usual relationship |
| 2026-06-02 | 65.15 | 62.03 | +0.04 | near the usual relationship |
| 2026-06-01 | 66.30 | 62.40 | +0.31 | near the usual relationship |
| 2026-05-29 | 66.32 | 63.01 | +0.10 | near the usual relationship |
| 2026-05-28 | 65.85 | 61.75 | +0.40 | near the usual relationship |
| 2026-05-27 | 66.90 | 62.41 | +0.53 | BX ahead |
| 2026-05-26 | 66.97 | 62.38 | +0.56 | BX ahead |
| 2026-05-22 | 67.19 | 61.76 | +0.87 | BX ahead |
| 2026-05-21 | 67.22 | 62.23 | +0.72 | BX ahead |
| 2026-05-20 | 66.24 | 61.96 | +0.49 | near the usual relationship |
| 2026-05-19 | 64.78 | 61.02 | +0.33 | near the usual relationship |
| 2026-05-18 | 66.36 | 63.03 | +0.15 | near the usual relationship |
| 2026-05-15 | 66.84 | 63.68 | +0.09 | near the usual relationship |
| 2026-05-14 | 69.43 | 65.39 | +0.35 | near the usual relationship |
| 2026-05-13 | 67.82 | 63.99 | +0.31 | near the usual relationship |
| 2026-05-12 | 69.60 | 65.32 | +0.43 | near the usual relationship |
| 2026-05-11 | 68.83 | 65.32 | +0.19 | near the usual relationship |
| 2026-05-08 | 70.17 | 67.33 | -0.05 | near the usual relationship |
| 2026-05-07 | 69.36 | 65.90 | +0.17 | near the usual relationship |
| 2026-05-06 | 70.69 | 66.19 | +0.50 | BX ahead |
| 2026-05-05 | 69.58 | 66.99 | -0.12 | near the usual relationship |
| 2026-05-04 | 69.79 | 67.86 | -0.34 | near the usual relationship |
| 2026-05-01 | 71.64 | 68.09 | +0.17 | near the usual relationship |
| 2026-04-30 | 71.20 | 68.52 | -0.10 | near the usual relationship |
| 2026-04-29 | 67.94 | 65.23 | -0.05 | near the usual relationship |
| 2026-04-28 | 68.90 | 66.59 | -0.19 | near the usual relationship |
| 2026-04-27 | 68.24 | 66.13 | -0.25 | near the usual relationship |
| 2026-04-24 | 68.97 | 66.87 | -0.26 | near the usual relationship |
| 2026-04-23 | 69.36 | 66.75 | -0.10 | near the usual relationship |
| 2026-04-22 | 73.55 | 69.56 | +0.29 | near the usual relationship |
| 2026-04-21 | 72.85 | 68.60 | +0.38 | near the usual relationship |
| 2026-04-20 | 73.13 | 68.25 | +0.58 | BX ahead |
| 2026-04-17 | 73.18 | 68.04 | +0.66 | BX ahead |
| 2026-04-16 | 72.64 | 67.00 | +0.83 | BX ahead |
| 2026-04-15 | 73.81 | 68.20 | +0.79 | BX ahead |
| 2026-04-14 | 71.62 | 65.96 | +0.87 | BX ahead |
| 2026-04-13 | 69.07 | 64.45 | +0.57 | BX ahead |
| 2026-04-10 | 65.10 | 59.91 | +0.88 | BX ahead |
| 2026-04-09 | 66.28 | 60.96 | +0.89 | BX ahead |
| 2026-04-08 | 66.71 | 61.71 | +0.75 | BX ahead |
| 2026-04-07 | 63.91 | 59.60 | +0.57 | BX ahead |
| 2026-04-06 | 63.64 | 59.80 | +0.40 | near the usual relationship |
| 2026-04-02 | 64.09 | 59.91 | +0.52 | BX ahead |
| 2026-04-01 | 64.82 | 60.00 | +0.74 | BX ahead |
| 2026-03-31 | 65.19 | 60.75 | +0.60 | BX ahead |
| 2026-03-30 | 63.27 | 59.34 | +0.45 | near the usual relationship |
| 2026-03-27 | 61.27 | 58.12 | +0.21 | near the usual relationship |
| 2026-03-26 | 62.16 | 59.10 | +0.15 | near the usual relationship |
| 2026-03-25 | 61.45 | 58.39 | +0.17 | near the usual relationship |
| 2026-03-24 | 61.22 | 59.70 | -0.40 | near the usual relationship |
| 2026-03-23 | 62.00 | 59.66 | -0.12 | near the usual relationship |
| 2026-03-20 | 62.61 | 59.11 | +0.29 | near the usual relationship |
| 2026-03-19 | 64.33 | 59.50 | +0.73 | BX ahead |
| 2026-03-18 | 64.37 | 59.52 | +0.73 | BX ahead |
| 2026-03-17 | 63.50 | 58.43 | +0.84 | BX ahead |
| 2026-03-16 | 60.73 | 56.54 | +0.58 | BX ahead |
| 2026-03-13 | 60.54 | 56.43 | +0.56 | BX ahead |
| 2026-03-12 | 57.90 | 55.09 | +0.12 | near the usual relationship |
| 2026-03-11 | 60.81 | 57.22 | +0.35 | near the usual relationship |
| 2026-03-10 | 62.34 | 59.08 | +0.20 | near the usual relationship |
| 2026-03-09 | 62.73 | 59.72 | +0.10 | near the usual relationship |
| 2026-03-06 | 62.59 | 59.98 | -0.05 | near the usual relationship |
| 2026-03-05 | 65.51 | 62.78 | -0.05 | near the usual relationship |
| 2026-03-04 | 64.71 | 61.62 | +0.09 | near the usual relationship |
| 2026-03-03 | 62.89 | 59.47 | +0.24 | near the usual relationship |
| 2026-03-02 | 65.39 | 59.51 | +1.06 | BX ahead |
| 2026-02-27 | 64.28 | 57.58 | +1.41 | BX ahead |
| 2026-02-26 | 66.87 | 61.48 | +0.86 | BX ahead |
| 2026-02-25 | 67.03 | 63.46 | +0.23 | near the usual relationship |
| 2026-02-24 | 66.00 | 62.86 | +0.10 | near the usual relationship |
| 2026-02-23 | 64.47 | 60.54 | +0.41 | near the usual relationship |
| 2026-02-20 | 68.75 | 66.45 | -0.21 | near the usual relationship |
| 2026-02-19 | 71.30 | 66.75 | +0.48 | near the usual relationship |
| 2026-02-18 | 75.35 | 68.04 | +1.27 | BX ahead |
| 2026-02-17 | 74.49 | 67.35 | +1.25 | BX ahead |
| 2026-02-13 | 73.63 | 66.81 | +1.18 | BX ahead |
| 2026-02-12 | 73.57 | 66.41 | +1.31 | BX ahead |
| 2026-02-11 | 75.67 | 69.00 | +1.10 | BX ahead |
| 2026-02-10 | 75.87 | 70.41 | +0.72 | BX ahead |
| 2026-02-09 | 74.51 | 70.46 | +0.32 | near the usual relationship |
| 2026-02-06 | 73.53 | 67.77 | +0.88 | BX ahead |
| 2026-02-05 | 71.91 | 65.13 | +1.26 | BX ahead |
| 2026-02-04 | 76.28 | 68.81 | +1.35 | BX ahead |
| 2026-02-03 | 75.90 | 67.83 | +1.56 | BX ahead |
| 2026-02-02 | 80.10 | 75.10 | +0.55 | BX ahead |
| 2026-01-30 | 80.75 | 75.04 | +0.74 | BX ahead |
| 2026-01-29 | 81.04 | 75.51 | +0.69 | BX ahead |
| 2026-01-28 | 83.22 | 76.69 | +0.93 | BX ahead |
| 2026-01-27 | 84.14 | 76.18 | +1.30 | BX ahead |
| 2026-01-26 | 85.08 | 77.92 | +1.07 | BX ahead |
| 2026-01-23 | 85.32 | 79.63 | +0.69 | BX ahead |
| 2026-01-22 | 87.83 | 81.09 | +0.92 | BX ahead |
| 2026-01-21 | 88.43 | 81.65 | +0.92 | BX ahead |
| 2026-01-20 | 87.26 | 80.71 | +0.90 | BX ahead |
| 2026-01-16 | 92.70 | 86.31 | +0.77 | BX ahead |
| 2026-01-15 | 91.17 | 86.24 | +0.45 | near the usual relationship |
| 2026-01-14 | 89.98 | 86.74 | +0.06 | near the usual relationship |
| 2026-01-13 | 88.02 | 85.43 | -0.08 | near the usual relationship |
| 2026-01-12 | 88.77 | 87.98 | -0.51 | KKR ahead |
| 2026-01-09 | 89.36 | 88.43 | -0.48 | near the usual relationship |
| 2026-01-08 | 88.05 | 87.77 | -0.62 | KKR ahead |
| 2026-01-07 | 87.08 | 85.92 | -0.41 | near the usual relationship |
| 2026-01-06 | 92.22 | 89.20 | -0.01 | near the usual relationship |
| 2026-01-05 | 92.05 | 88.38 | +0.15 | near the usual relationship |
| 2026-01-02 | 90.03 | 84.65 | +0.58 | BX ahead |
| 2025-12-31 | 87.39 | 83.72 | +0.20 | near the usual relationship |
| 2025-12-30 | 87.75 | 84.48 | +0.11 | near the usual relationship |
| 2025-12-29 | 87.95 | 84.99 | +0.03 | near the usual relationship |
| 2025-12-26 | 88.11 | 85.64 | -0.08 | near the usual relationship |
| 2025-12-24 | 88.20 | 85.89 | -0.12 | near the usual relationship |
| 2025-12-23 | 87.97 | 86.03 | -0.21 | near the usual relationship |
| 2025-12-22 | 88.35 | 86.31 | -0.19 | near the usual relationship |
| 2025-12-19 | 85.95 | 85.78 | -0.62 | KKR ahead |
| 2025-12-18 | 87.16 | 86.67 | -0.55 | KKR ahead |
| 2025-12-17 | 86.85 | 86.79 | -0.66 | KKR ahead |
| 2025-12-16 | 86.23 | 87.59 | -1.00 | KKR ahead |
| 2025-12-15 | 85.24 | 88.53 | -1.47 | KKR ahead |
| 2025-12-12 | 85.71 | 89.71 | -1.64 | KKR ahead |
| 2025-12-11 | 87.37 | 93.76 | -2.18 | KKR ahead |
| 2025-12-10 | 88.79 | 92.95 | -1.69 | KKR ahead |
| 2025-12-09 | 88.46 | 89.17 | -0.90 | KKR ahead |
| 2025-12-08 | 85.82 | 85.53 | -0.66 | KKR ahead |
| 2025-12-05 | 86.26 | 84.99 | -0.42 | near the usual relationship |
| 2025-12-04 | 85.83 | 84.34 | -0.37 | near the usual relationship |
| 2025-12-03 | 85.91 | 83.06 | -0.03 | near the usual relationship |
| 2025-12-02 | 83.20 | 80.57 | -0.06 | near the usual relationship |
| 2025-12-01 | 82.97 | 80.25 | -0.03 | near the usual relationship |
| 2025-11-28 | 83.01 | 80.32 | -0.04 | near the usual relationship |
| 2025-11-26 | 82.16 | 79.35 | -0.01 | near the usual relationship |
| 2025-11-25 | 81.32 | 79.34 | -0.22 | near the usual relationship |
| 2025-11-24 | 80.18 | 77.40 | +0.00 | near the usual relationship |
| 2025-11-21 | 80.89 | 77.93 | +0.04 | near the usual relationship |
| 2025-11-20 | 78.48 | 75.14 | +0.17 | near the usual relationship |
| 2025-11-19 | 78.61 | 77.17 | -0.35 | near the usual relationship |
| 2025-11-18 | 77.41 | 74.99 | -0.08 | near the usual relationship |
| 2025-11-17 | 78.48 | 74.88 | +0.24 | near the usual relationship |
| 2025-11-14 | 80.19 | 78.75 | -0.36 | near the usual relationship |
| 2025-11-13 | 79.11 | 79.30 | -0.79 | KKR ahead |
| 2025-11-12 | 81.85 | 80.82 | -0.48 | near the usual relationship |
| 2025-11-11 | 82.20 | 79.70 | -0.09 | near the usual relationship |
| 2025-11-10 | 81.81 | 78.88 | +0.03 | near the usual relationship |
| 2025-11-07 | 82.74 | 79.67 | +0.05 | near the usual relationship |
| 2025-11-06 | 81.32 | 78.35 | +0.04 | near the usual relationship |
| 2025-11-05 | 81.82 | 78.08 | +0.24 | near the usual relationship |
| 2025-11-04 | 80.99 | 77.68 | +0.13 | near the usual relationship |
| 2025-11-03 | 81.88 | 77.25 | +0.48 | near the usual relationship |
| 2025-10-31 | 83.14 | 77.71 | +0.67 | BX ahead |
| 2025-10-30 | 84.13 | 77.57 | +0.96 | BX ahead |
| 2025-10-29 | 84.43 | 77.86 | +0.97 | BX ahead |
| 2025-10-28 | 86.00 | 79.21 | +1.00 | BX ahead |
| 2025-10-27 | 87.23 | 80.29 | +1.02 | BX ahead |
| 2025-10-24 | 87.65 | 79.62 | +1.30 | BX ahead |
| 2025-10-23 | 87.87 | 79.44 | +1.41 | BX ahead |
| 2025-10-22 | 91.69 | 80.97 | +1.93 | BX ahead |
| 2025-10-21 | 91.52 | 81.22 | +1.84 | BX ahead |
| 2025-10-20 | 90.96 | 78.88 | +2.37 | BX ahead |
| 2025-10-17 | 88.62 | 77.23 | +2.30 | BX ahead |
| 2025-10-16 | 89.56 | 77.18 | +2.58 | BX ahead |
| 2025-10-15 | 92.93 | 81.74 | +2.16 | BX ahead |
| 2025-10-14 | 92.97 | 82.73 | +1.92 | BX ahead |
| 2025-10-13 | 89.67 | 79.10 | +2.13 | BX ahead |
| 2025-10-10 | 87.18 | 77.38 | +2.02 | BX ahead |
| 2025-10-09 | 91.08 | 81.47 | +1.86 | BX ahead |
| 2025-10-08 | 92.11 | 81.91 | +2.02 | BX ahead |
| 2025-10-07 | 93.50 | 81.91 | +2.40 | BX ahead |
| 2025-10-06 | 94.62 | 83.32 | +2.31 | BX ahead |
| 2025-10-03 | 95.50 | 83.83 | +2.42 | BX ahead |
| 2025-10-02 | 94.44 | 81.85 | +2.78 | BX ahead |
| 2025-10-01 | 95.31 | 83.71 | +2.50 | BX ahead |
| 2025-09-30 | 96.86 | 85.34 | +2.46 | BX ahead |
| 2025-09-29 | 99.86 | 88.32 | +2.41 | BX ahead |
| 2025-09-26 | 99.40 | 88.01 | +2.42 | BX ahead |
| 2025-09-25 | 99.56 | 89.09 | +2.18 | BX ahead |
| 2025-09-24 | 100.96 | 90.59 | +2.14 | BX ahead |
| 2025-09-23 | 104.84 | 96.70 | +1.45 | BX ahead |
| 2025-09-22 | 105.25 | 96.51 | +1.62 | BX ahead |
| 2025-09-19 | 106.37 | 97.80 | +1.56 | BX ahead |
| 2025-09-18 | 106.97 | 98.08 | +1.64 | BX ahead |
| 2025-09-17 | 104.10 | 94.83 | +1.82 | BX ahead |
| 2025-09-16 | 104.16 | 94.82 | +1.85 | BX ahead |
| 2025-09-15 | 104.21 | 95.00 | +1.83 | BX ahead |
| 2025-09-12 | 102.82 | 94.14 | +1.73 | BX ahead |
| 2025-09-11 | 104.27 | 95.23 | +1.82 | BX ahead |
| 2025-09-10 | 101.05 | 91.48 | +2.08 | BX ahead |
| 2025-09-09 | 98.18 | 90.23 | +1.69 | BX ahead |
| 2025-09-08 | 98.25 | 91.08 | +1.47 | BX ahead |
| 2025-09-05 | 96.38 | 89.01 | +1.59 | BX ahead |
| 2025-09-04 | 96.33 | 90.20 | +1.22 | BX ahead |
| 2025-09-03 | 94.87 | 88.55 | +1.33 | BX ahead |
| 2025-09-02 | 96.13 | 91.11 | +0.91 | BX ahead |
| 2025-08-29 | 97.18 | 91.61 | +1.07 | BX ahead |
| 2025-08-28 | 97.53 | 92.00 | +1.06 | BX ahead |
| 2025-08-27 | 97.31 | 92.25 | +0.93 | BX ahead |
| 2025-08-26 | 97.19 | 91.99 | +0.98 | BX ahead |
| 2025-08-25 | 96.10 | 91.09 | +0.95 | BX ahead |
| 2025-08-22 | 96.67 | 93.10 | +0.52 | BX ahead |
| 2025-08-21 | 92.66 | 90.52 | +0.14 | near the usual relationship |
| 2025-08-20 | 93.25 | 90.69 | +0.26 | near the usual relationship |
| 2025-08-19 | 94.85 | 91.25 | +0.56 | BX ahead |
| 2025-08-18 | 95.94 | 92.73 | +0.44 | near the usual relationship |
| 2025-08-15 | 97.30 | 93.44 | +0.62 | BX ahead |
| 2025-08-14 | 99.04 | 95.92 | +0.39 | near the usual relationship |
| 2025-08-13 | 100.14 | 96.84 | +0.44 | near the usual relationship |
| 2025-08-12 | 98.50 | 96.70 | +0.04 | near the usual relationship |
| 2025-08-11 | 96.42 | 92.97 | +0.52 | BX ahead |
| 2025-08-08 | 95.76 | 93.70 | +0.13 | near the usual relationship |
| 2025-08-07 | 95.04 | 93.38 | +0.01 | near the usual relationship |
| 2025-08-06 | 96.01 | 94.94 | -0.16 | near the usual relationship |
| 2025-08-05 | 95.07 | 93.69 | -0.07 | near the usual relationship |
| 2025-08-04 | 96.67 | 95.31 | -0.08 | near the usual relationship |
| 2025-08-01 | 96.61 | 93.62 | +0.38 | near the usual relationship |
| 2025-07-31 | 98.06 | 96.26 | +0.04 | near the usual relationship |
| 2025-07-30 | 99.41 | 98.79 | -0.29 | near the usual relationship |
| 2025-07-29 | 100.37 | 99.17 | -0.14 | near the usual relationship |
| 2025-07-28 | 100.32 | 99.92 | -0.36 | near the usual relationship |
| 2025-07-25 | 100.98 | 99.93 | -0.19 | near the usual relationship |
| 2025-07-24 | 100.98 | 98.63 | +0.16 | near the usual relationship |
| 2025-07-23 | 97.49 | 97.37 | -0.44 | near the usual relationship |
| 2025-07-22 | 96.03 | 95.21 | -0.25 | near the usual relationship |
| 2025-07-21 | 94.51 | 94.75 | -0.55 | KKR ahead |
| 2025-07-18 | 95.66 | 95.87 | -0.54 | KKR ahead |
| 2025-07-17 | 97.79 | 96.93 | -0.24 | near the usual relationship |
| 2025-07-16 | 94.07 | 93.94 | -0.45 | near the usual relationship |
| 2025-07-15 | 90.60 | 90.11 | -0.34 | near the usual relationship |
| 2025-07-14 | 92.62 | 91.57 | -0.17 | near the usual relationship |
| 2025-07-11 | 91.85 | 92.63 | -0.70 | KKR ahead |
| 2025-07-10 | 93.02 | 93.94 | -0.74 | KKR ahead |
| 2025-07-09 | 89.96 | 91.43 | -0.91 | KKR ahead |
| 2025-07-08 | 88.64 | 90.59 | -1.06 | KKR ahead |
| 2025-07-07 | 86.74 | 89.01 | -1.18 | KKR ahead |
| 2025-07-03 | 87.95 | 91.02 | -1.42 | KKR ahead |
| 2025-07-02 | 87.06 | 88.35 | -0.89 | KKR ahead |
| 2025-07-01 | 86.61 | 86.98 | -0.61 | KKR ahead |
| 2025-06-30 | 84.81 | 87.36 | -1.31 | KKR ahead |
| 2025-06-27 | 85.67 | 88.19 | -1.30 | KKR ahead |
| 2025-06-26 | 84.01 | 86.65 | -1.36 | KKR ahead |
| 2025-06-25 | 81.40 | 84.61 | -1.58 | KKR ahead |
| 2025-06-24 | 81.67 | 83.91 | -1.26 | KKR ahead |
| 2025-06-23 | 78.42 | 80.21 | -1.13 | KKR ahead |
| 2025-06-20 | 78.06 | 80.51 | -1.36 | KKR ahead |
| 2025-06-18 | 77.95 | 80.40 | -1.35 | KKR ahead |
| 2025-06-17 | 76.93 | 79.50 | -1.41 | KKR ahead |
| 2025-06-16 | 78.39 | 81.04 | -1.41 | KKR ahead |
| 2025-06-13 | 77.34 | 79.68 | -1.30 | KKR ahead |
| 2025-06-12 | 79.82 | 82.25 | -1.30 | KKR ahead |
| 2025-06-11 | 80.16 | 82.75 | -1.36 | KKR ahead |
| 2025-06-10 | 81.05 | 81.45 | -0.64 | KKR ahead |
| 2025-06-09 | 79.36 | 80.94 | -1.05 | KKR ahead |
| 2025-06-06 | 79.63 | 81.04 | -0.99 | KKR ahead |
| 2025-06-05 | 78.10 | 79.23 | -0.91 | KKR ahead |
| 2025-06-04 | 78.67 | 79.14 | -0.69 | KKR ahead |
| 2025-06-03 | 78.81 | 79.12 | -0.63 | KKR ahead |
| 2025-06-02 | 78.70 | 80.04 | -0.98 | KKR ahead |
| 2025-05-30 | 78.67 | 79.77 | -0.90 | KKR ahead |
| 2025-05-29 | 78.74 | 80.34 | -1.07 | KKR ahead |
| 2025-05-28 | 78.47 | 79.49 | -0.88 | KKR ahead |
| 2025-05-27 | 78.98 | 79.41 | -0.68 | KKR ahead |
| 2025-05-23 | 77.17 | 76.96 | -0.46 | near the usual relationship |
| 2025-05-22 | 77.63 | 77.63 | -0.54 | KKR ahead |
| 2025-05-21 | 77.95 | 77.34 | -0.33 | near the usual relationship |
| 2025-05-20 | 81.76 | 81.53 | -0.47 | near the usual relationship |
| 2025-05-19 | 82.46 | 82.41 | -0.54 | KKR ahead |
| 2025-05-16 | 83.17 | 82.68 | -0.40 | near the usual relationship |
| 2025-05-15 | 83.20 | 82.51 | -0.34 | near the usual relationship |
| 2025-05-14 | 84.15 | 84.74 | -0.76 | KKR ahead |
| 2025-05-13 | 84.25 | 83.34 | -0.28 | near the usual relationship |
| 2025-05-12 | 84.48 | 82.24 | +0.15 | near the usual relationship |
| 2025-05-09 | 79.03 | 77.55 | -0.06 | near the usual relationship |
| 2025-05-08 | 79.27 | 77.97 | -0.14 | near the usual relationship |
| 2025-05-07 | 77.19 | 76.32 | -0.28 | near the usual relationship |
| 2025-05-06 | 75.97 | 74.64 | -0.11 | near the usual relationship |
| 2025-05-05 | 77.17 | 75.39 | +0.03 | near the usual relationship |
| 2025-05-02 | 77.91 | 76.79 | -0.21 | near the usual relationship |
| 2025-05-01 | 75.63 | 75.19 | -0.45 | near the usual relationship |
| 2025-04-30 | 74.67 | 75.04 | -0.74 | KKR ahead |
| 2025-04-29 | 75.71 | 75.10 | -0.40 | near the usual relationship |
| 2025-04-28 | 75.73 | 74.82 | -0.30 | near the usual relationship |
| 2025-04-25 | 75.33 | 74.62 | -0.38 | near the usual relationship |
| 2025-04-24 | 76.28 | 74.37 | +0.02 | near the usual relationship |
| 2025-04-23 | 72.00 | 70.15 | +0.03 | near the usual relationship |
| 2025-04-22 | 70.82 | 67.17 | +0.70 | BX ahead |
| 2025-04-21 | 68.16 | 64.33 | +0.81 | BX ahead |
| 2025-04-17 | 73.93 | 67.89 | +1.49 | BX ahead |
| 2025-04-16 | 73.35 | 67.02 | +1.61 | BX ahead |
| 2025-04-15 | 75.71 | 68.45 | +1.88 | BX ahead |
| 2025-04-14 | 73.97 | 67.73 | +1.56 | BX ahead |
| 2025-04-11 | 72.11 | 66.62 | +1.33 | BX ahead |
| 2025-04-10 | 72.26 | 66.90 | +1.27 | BX ahead |
| 2025-04-09 | 77.88 | 72.54 | +1.11 | BX ahead |
| 2025-04-08 | 68.07 | 62.07 | +1.64 | BX ahead |
| 2025-04-07 | 70.67 | 64.06 | +1.78 | BX ahead |
| 2025-04-04 | 70.89 | 60.94 | +3.12 | BX ahead |
| 2025-04-03 | 75.46 | 67.35 | +2.20 | BX ahead |
| 2025-04-02 | 83.72 | 79.40 | +0.67 | BX ahead |
| 2025-04-01 | 80.96 | 77.39 | +0.47 | near the usual relationship |
| 2025-03-31 | 79.25 | 75.92 | +0.40 | near the usual relationship |
| 2025-03-28 | 78.30 | 75.43 | +0.26 | near the usual relationship |
| 2025-03-27 | 81.93 | 77.19 | +0.79 | BX ahead |
| 2025-03-26 | 83.15 | 78.44 | +0.75 | BX ahead |
| 2025-03-25 | 85.73 | 80.24 | +0.93 | BX ahead |
| 2025-03-24 | 86.22 | 80.10 | +1.10 | BX ahead |
| 2025-03-21 | 84.07 | 76.51 | +1.58 | BX ahead |
| 2025-03-20 | 84.33 | 76.65 | +1.60 | BX ahead |
| 2025-03-19 | 84.88 | 76.54 | +1.78 | BX ahead |
| 2025-03-18 | 82.88 | 74.88 | +1.73 | BX ahead |
| 2025-03-17 | 83.79 | 75.97 | +1.65 | BX ahead |
| 2025-03-14 | 79.88 | 74.41 | +1.02 | BX ahead |
| 2025-03-13 | 77.41 | 71.38 | +1.25 | BX ahead |
| 2025-03-12 | 79.68 | 75.11 | +0.73 | BX ahead |
| 2025-03-11 | 78.32 | 73.63 | +0.79 | BX ahead |
| 2025-03-10 | 79.02 | 71.04 | +1.82 | BX ahead |
| 2025-03-07 | 82.29 | 75.70 | +1.29 | BX ahead |
| 2025-03-06 | 82.57 | 76.27 | +1.19 | BX ahead |
| 2025-03-05 | 86.20 | 80.80 | +0.84 | BX ahead |
| 2025-03-04 | 85.46 | 79.32 | +1.05 | BX ahead |
| 2025-03-03 | 89.88 | 87.35 | +0.00 | near the usual relationship |
| 2025-02-28 | 91.37 | 89.05 | -0.07 | near the usual relationship |
| 2025-02-27 | 89.23 | 86.82 | -0.04 | near the usual relationship |
| 2025-02-26 | 90.41 | 87.13 | +0.16 | near the usual relationship |
| 2025-02-25 | 89.14 | 85.11 | +0.35 | near the usual relationship |
| 2025-02-24 | 89.05 | 86.16 | +0.06 | near the usual relationship |
| 2025-02-21 | 89.79 | 86.83 | +0.06 | near the usual relationship |
| 2025-02-20 | 92.92 | 88.36 | +0.40 | near the usual relationship |
| 2025-02-19 | 94.60 | 90.94 | +0.16 | near the usual relationship |
| 2025-02-18 | 94.53 | 92.34 | -0.18 | near the usual relationship |
| 2025-02-14 | 93.46 | 92.31 | -0.41 | near the usual relationship |
| 2025-02-13 | 90.99 | 91.48 | -0.78 | KKR ahead |
| 2025-02-12 | 91.22 | 91.64 | -0.76 | KKR ahead |
| 2025-02-11 | 93.42 | 93.56 | -0.71 | KKR ahead |
| 2025-02-10 | 95.59 | 97.15 | -1.00 | KKR ahead |
| 2025-02-07 | 96.54 | 97.60 | -0.91 | KKR ahead |
| 2025-02-06 | 98.96 | 99.55 | -0.81 | KKR ahead |
| 2025-02-05 | 99.13 | 101.01 | -1.06 | KKR ahead |
| 2025-02-04 | 96.85 | 98.05 | -0.94 | KKR ahead |
| 2025-02-03 | 98.39 | 107.19 | -2.31 | KKR ahead |
| 2025-01-31 | 100.41 | 109.72 | -2.36 | KKR ahead |
| 2025-01-30 | 100.79 | 109.59 | -2.26 | KKR ahead |
| 2025-01-29 | 105.10 | 109.21 | -1.44 | KKR ahead |
| 2025-01-28 | 105.22 | 109.71 | -1.49 | KKR ahead |
| 2025-01-27 | 103.48 | 105.86 | -1.16 | KKR ahead |
| 2025-01-24 | 105.87 | 108.71 | -1.22 | KKR ahead |
| 2025-01-23 | 105.18 | 108.58 | -1.32 | KKR ahead |
| 2025-01-22 | 103.62 | 106.07 | -1.18 | KKR ahead |
| 2025-01-21 | 102.91 | 105.54 | -1.21 | KKR ahead |
| 2025-01-17 | 102.02 | 103.48 | -1.03 | KKR ahead |
| 2025-01-16 | 100.19 | 100.64 | -0.87 | KKR ahead |
| 2025-01-15 | 99.30 | 98.84 | -0.73 | KKR ahead |
| 2025-01-14 | 96.00 | 94.34 | -0.53 | KKR ahead |
| 2025-01-13 | 93.98 | 92.76 | -0.60 | KKR ahead |
| 2025-01-10 | 93.46 | 92.55 | -0.66 | KKR ahead |
| 2025-01-08 | 98.63 | 97.35 | -0.61 | KKR ahead |
| 2025-01-07 | 97.14 | 96.29 | -0.68 | KKR ahead |
| 2025-01-06 | 99.10 | 99.00 | -0.79 | KKR ahead |
| 2025-01-03 | 99.73 | 99.84 | -0.82 | KKR ahead |
| 2025-01-02 | 98.51 | 97.98 | -0.73 | KKR ahead |
| 2024-12-31 | 97.75 | 97.14 | -0.72 | KKR ahead |
| 2024-12-30 | 97.55 | 97.45 | -0.79 | KKR ahead |
| 2024-12-27 | 98.66 | 98.42 | -0.77 | KKR ahead |
| 2024-12-26 | 100.05 | 100.16 | -0.82 | KKR ahead |
| 2024-12-24 | 99.61 | 100.20 | -0.88 | KKR ahead |
| 2024-12-23 | 97.62 | 97.81 | -0.83 | KKR ahead |
| 2024-12-20 | 96.86 | 96.92 | -0.82 | KKR ahead |
| 2024-12-19 | 95.76 | 94.26 | -0.63 | KKR ahead |
| 2024-12-18 | 97.35 | 93.89 | -0.39 | near the usual relationship |
| 2024-12-17 | 103.82 | 99.32 | -0.30 | near the usual relationship |
| 2024-12-16 | 106.85 | 102.53 | -0.35 | near the usual relationship |
| 2024-12-13 | 106.83 | 101.36 | -0.22 | near the usual relationship |
| 2024-12-12 | 107.89 | 102.29 | -0.22 | near the usual relationship |
| 2024-12-11 | 109.09 | 103.36 | -0.22 | near the usual relationship |
| 2024-12-10 | 107.48 | 99.70 | +0.01 | near the usual relationship |
| 2024-12-09 | 105.09 | 100.05 | -0.29 | near the usual relationship |
| 2024-12-06 | 106.02 | 103.77 | -0.60 | KKR ahead |
| 2024-12-05 | 106.13 | 103.13 | -0.53 | KKR ahead |
| 2024-12-04 | 105.17 | 103.50 | -0.67 | KKR ahead |
| 2024-12-03 | 105.55 | 103.70 | -0.66 | KKR ahead |
| 2024-12-02 | 106.05 | 104.85 | -0.73 | KKR ahead |
| 2024-11-29 | 108.34 | 106.96 | -0.72 | KKR ahead |
| 2024-11-27 | 107.17 | 105.10 | -0.66 | KKR ahead |
| 2024-11-26 | 108.66 | 105.91 | -0.60 | KKR ahead |
| 2024-11-25 | 109.49 | 104.38 | -0.37 | near the usual relationship |
| 2024-11-22 | 112.85 | 104.18 | -0.05 | near the usual relationship |
| 2024-11-21 | 110.00 | 103.55 | -0.26 | near the usual relationship |
| 2024-11-20 | 104.90 | 99.94 | -0.39 | near the usual relationship |
| 2024-11-19 | 104.84 | 100.33 | -0.44 | near the usual relationship |
| 2024-11-18 | 103.76 | 100.12 | -0.53 | KKR ahead |
| 2024-11-15 | 102.85 | 98.52 | -0.46 | near the usual relationship |
| 2024-11-14 | 102.74 | 98.85 | -0.51 | KKR ahead |
| 2024-11-13 | 102.94 | 99.91 | -0.60 | KKR ahead |
| 2024-11-12 | 102.43 | 100.58 | -0.72 | KKR ahead |
| 2024-11-11 | 103.84 | 102.38 | -0.76 | KKR ahead |
| 2024-11-08 | 100.61 | 99.95 | -0.84 | KKR ahead |
| 2024-11-07 | 99.95 | 98.98 | -0.82 | KKR ahead |
| 2024-11-06 | 100.00 | 100.00 | -0.91 | KKR ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Feb 4, 2025 (BX -1.6%, KKR -8.5%).
Paired trades
The shared paper book and the replay, kept apart
Forward paper record
No paper position on this pair yet.
Historical simulation (a diagnostic, same rules)
6 simulated trades to Nov 3, 2026: +7.21% per trade on average after costs, 5 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long KKR · Short BX | Aug 10, 2026 | Sep 24, 2026 | converged | 45 | $853.12 | -$38.63 | $784.75 (+7.85%) |
| Long KKR · Short BX | Sep 11, 2025 | Nov 13, 2025 | converged | 63 | $795.42 | -$39.99 | $723.29 (+7.23%) |
| Long KKR · Short BX | Apr 4, 2025 | Apr 28, 2025 | converged | 24 | $1,396.89 | -$28.57 | $1,356.11 (+13.56%) |
| Long BX · Short KKR | Jan 31, 2025 | Feb 21, 2025 | converged | 21 | $1,012.98 | -$25.04 | $998.57 (+9.99%) |
| Long BX · Short KKR | Nov 10, 2023 | Jan 18, 2024 | divergence stop | 69 | -$943.86 | -$58.99 | -$933.95 (-9.34%) |
| Long KKR · Short BX | Apr 17, 2020 | Jun 19, 2020 | converged | 63 | $1,495.74 | -$58.37 | $1,395.38 (+13.95%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
BX and KKR at a glance
BX Blackstone Inc.
- Listing
- NYSE · SEC CIK 1393818
- Industry
- Investment Managers · SIC 6282 Investment Advice
- Market value
- $88.7B
- Price history
- 2,534 daily closes, Oct 12, 2016 to Nov 10, 2026
KKR KKR & Co. Inc.
- Listing
- NYSE · SEC CIK 1404912
- Industry
- Investment Managers · SIC 6282 Investment Advice
- Market value
- $86.2B
- Price history
- 2,534 daily closes, Oct 12, 2016 to Nov 10, 2026
Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.
Related
All pairs →Other rivals of BX and KKR
Follow the research behind the paper book
Boostio is a research-first platform in private beta: crypto candidates, daily market stories, public paper trading and now rival stocks. Exploring these pages stays free and open.
Explore the private betaPaper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.
