ACGL vs AUUD: Correlation
Arch Capital Group (ACGL) and Auddia Inc. (AUUD) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACGL and AUUD?
Across a 3-year window, the weekly returns of ACGL and AUUD correlate at -0.23, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.02) than the 3-year average (-0.23). Stretching to 5 years gives -0.14, with an annualized covariance of -524.4 %².
Among the 36 assets we track against ACGL, AUUD sits near the bottom by co-movement, at rank #32. Their recent paths diverged sharply: over the last 12 months ACGL outperformed by 102.3 percentage points (+7.7% for ACGL against -94.6% for AUUD). Note the risk asymmetry: AUUD runs 5.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 AUUD: side by side
| ACGL (Arch Capital Group) | AUUD (Auddia Inc.) | |
|---|---|---|
| 1-year return | +7.7% | -94.6% |
| 5-year return | +151.8% | -100.0% |
| Volatility (ann.) | 21.5% | 107.6% |
| Beta vs S&P 500 | 0.28 | -0.10 |
| Max drawdown (3Y) | -22.4% | -99.9% |
| Market cap | $33.7B | – |
| P/E (trailing) | 7.9 | 0.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ACGL | AUUD |
|---|---|---|
| 2022 | +41.2% | -46.1% |
| 2023 | +18.3% | -74.0% |
| 2024 | +30.8% | -91.8% |
| 2025 | +3.9% | -88.8% |
| 2026 | +3.0% | -86.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACGL and AUUD good diversifiers for each other?
Yes. With a correlation of -0.23, ACGL and AUUD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACGL and AUUD?
The ACGL/AUUD correlation stands at -0.23 on a 3-year window (1 year: -0.02, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is AUUD a good diversifier for ACGL?
Yes. With a correlation of -0.23, ACGL and AUUD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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 · AUUD correlations
