ACIC vs IGIC: Correlation
Measured on weekly returns over the past three years, American Coastal Insurance Corporation (ACIC) and International General Insurance Holdings Ltd. (IGIC) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACIC and IGIC?
Over the past 3 years, ACIC and IGIC moved with a correlation of 0.44, which is moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.44). Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 420.2 %².
In ACIC's tracked universe of 10 assets, IGIC sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months IGIC outperformed by 22.1 percentage points (-6.3% for ACIC against +15.8% for IGIC).
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.
ACIC vs IGIC: side by side
| ACIC (American Coastal Insurance Corporation) | IGIC (International General Insurance Holdings Ltd.) | |
|---|---|---|
| 1-year return | -6.3% | +15.8% |
| 5-year return | +184.8% | +246.3% |
| Volatility (ann.) | 33.6% | 28.5% |
| Beta vs S&P 500 | 0.49 | 0.53 |
| Max drawdown (3Y) | -32.8% | -18.2% |
| Market cap | $0.4B | $1.1B |
| P/E (trailing) | 4.7 | 10.7 |
| Dividend yield | 0.00% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACIC | IGIC |
|---|---|---|
| 2022 | -75.1% | +1.6% |
| 2023 | +792.5% | +61.7% |
| 2024 | +42.3% | +92.4% |
| 2025 | -2.5% | +13.8% |
| 2026 | -20.6% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACIC and IGIC good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACIC and IGIC?
The ACIC/IGIC correlation stands at 0.44 on a 3-year window (1 year: 0.15, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is IGIC a good diversifier for ACIC?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acic-vs-igic.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acic-vs-igic/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACIC correlations · IGIC correlations
