ACGL vs ALL: Correlation
Measured on weekly returns over the past three years, Arch Capital Group (ACGL) and Allstate (ALL) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACGL and ALL?
On 3 years of weekly data the ACGL/ALL correlation comes out at 0.60, strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.60 over 3. The 5-year figure is 0.52, and annualized covariance runs at 285.5 %².
By 3-year correlation, ALL places #7 of the 36 assets tracked against ACGL. Correlation aside, the last 12 months split them widely, with ALL ahead by 21.2 points (+7.7% versus +28.9%). The rolling one-year correlation moved between 0.35 and 0.75 over the past three years, a moderate range.
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.
ACGL vs ALL: side by side
| ACGL (Arch Capital Group) | ALL (Allstate) | |
|---|---|---|
| 1-year return | +7.7% | +28.9% |
| 5-year return | +151.8% | +114.7% |
| Volatility (ann.) | 21.5% | 22.1% |
| Beta vs S&P 500 | 0.28 | 0.31 |
| Max drawdown (3Y) | -22.4% | -14.1% |
| Market cap | $33.7B | $65.1B |
| P/E (trailing) | 7.9 | 5.2 |
| Dividend yield | 0.00% | 1.59% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | ACGL | ALL |
|---|---|---|
| 2022 | +41.2% | +18.4% |
| 2023 | +18.3% | +6.4% |
| 2024 | +30.8% | +40.6% |
| 2025 | +3.9% | +10.1% |
| 2026 | +3.0% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACGL and ALL good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACGL and ALL?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.68 over the last year and 0.52 over 5 years.
Is ALL a good diversifier for ACGL?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: ACGL correlations · ALL correlations
