AAME vs CALY: Correlation
Atlantic American Corporation (AAME) and Callaway Golf Company (CALY) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAME and CALY?
Over the past 3 years, AAME and CALY moved with a correlation of 0.30, which is moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 1006.5 %².
Within AAME's tracked universe of 11 assets, CALY comes in at #5 by 3-year correlation. The last year tells two different stories: CALY led by 111.8 percentage points, -54.2% for AAME against +57.6% for CALY.
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.
AAME vs CALY: side by side
| AAME (Atlantic American Corporation) | CALY (Callaway Golf Company) | |
|---|---|---|
| 1-year return | -54.2% | +57.6% |
| 5-year return | -57.7% | -45.7% |
| Volatility (ann.) | 59.6% | 55.5% |
| Beta vs S&P 500 | 0.77 | 1.11 |
| Max drawdown (3Y) | -63.5% | -68.1% |
| Market cap | – | $2.8B |
| P/E (trailing) | 5.6 | 36.8 |
| Dividend yield | 1.54% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAME | CALY |
|---|---|---|
| 2022 | -4.0% | -28.0% |
| 2023 | +5.9% | -27.4% |
| 2024 | -36.6% | -45.2% |
| 2025 | +86.6% | +48.5% |
| 2026 | -44.5% | +32.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAME and CALY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AAME and CALY?
As of 2026-08-27, the correlation of weekly returns between AAME and CALY is 0.30 over 3 years, 0.32 over 1 year and 0.27 over 5 years.
Is CALY a good diversifier for AAME?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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/aame-vs-caly.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aame-vs-caly/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AAME correlations · CALY correlations
