ACGL vs PRE: Correlation
Arch Capital Group (ACGL) and Prenetics Global Limited - Class A (PRE) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACGL and PRE?
Across a 3-year window, the weekly returns of ACGL and PRE correlate at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Stretching to 5 years gives -0.12, with an annualized covariance of -398.1 %².
By 3-year correlation, PRE places #27 of the 36 assets tracked against ACGL. The last year tells two different stories: PRE led by 247.0 percentage points, +7.7% for ACGL against +254.7% for PRE. Note the risk asymmetry: PRE runs 4.1 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 PRE: side by side
| ACGL (Arch Capital Group) | PRE (Prenetics Global Limited - Class A) | |
|---|---|---|
| 1-year return | +7.7% | +254.7% |
| 5-year return | +151.8% | -76.5% |
| Volatility (ann.) | 21.5% | 88.4% |
| Beta vs S&P 500 | 0.28 | 0.46 |
| Max drawdown (3Y) | -22.4% | -64.9% |
| Market cap | $33.7B | $0.4B |
| P/E (trailing) | 7.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ACGL | PRE |
|---|---|---|
| 2022 | +41.2% | -74.0% |
| 2023 | +18.3% | -80.3% |
| 2024 | +30.8% | -1.9% |
| 2025 | +3.9% | +171.6% |
| 2026 | +3.0% | +66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACGL and PRE good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ACGL and PRE?
As of 2026-08-27, the correlation of weekly returns between ACGL and PRE is -0.21 over 3 years, -0.27 over 1 year and -0.12 over 5 years.
Is PRE a good diversifier for ACGL?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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
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Related comparisons
Hubs: ACGL correlations · PRE correlations
