AAME vs PGP: Correlation
Atlantic American Corporation (AAME) and Pimco Global StocksPlus & Income Fund (PGP) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAME and PGP?
Over the past 3 years, AAME and PGP moved with a correlation of 0.31, which is moderate. The relationship has been stable: the 1-year correlation (0.30) sits close to the 3-year figure. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 308.5 %².
By 3-year correlation, PGP places #4 of the 11 assets tracked against AAME. Correlation aside, the last 12 months split them widely, with PGP ahead by 67.7 points (-54.2% versus +13.5%). Risk is not evenly split, since AAME carries 3.5 times the volatility of the other side.
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 PGP: side by side
| AAME (Atlantic American Corporation) | PGP (Pimco Global StocksPlus & Income Fund) | |
|---|---|---|
| 1-year return | -54.2% | +13.5% |
| 5-year return | -57.7% | +30.7% |
| Volatility (ann.) | 59.6% | 16.8% |
| Beta vs S&P 500 | 0.77 | 0.58 |
| Max drawdown (3Y) | -63.5% | -16.1% |
| Market cap | – | – |
| P/E (trailing) | 5.6 | 4.2 |
| Dividend yield | 1.54% | 9.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAME | PGP |
|---|---|---|
| 2022 | -4.0% | -29.2% |
| 2023 | +5.9% | +21.3% |
| 2024 | -36.6% | +15.5% |
| 2025 | +86.6% | +29.9% |
| 2026 | -44.5% | +1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAME and PGP good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AAME and PGP?
As of 2026-08-27, the correlation of weekly returns between AAME and PGP is 0.31 over 3 years, 0.30 over 1 year and 0.23 over 5 years.
Is PGP a good diversifier for AAME?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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-pgp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aame-vs-pgp/)
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Related comparisons
Hubs: AAME correlations · PGP correlations
