ACIW vs FG: Correlation
How closely do ACI Worldwide, Inc. (ACIW) and F&G Annuities & Life, Inc. (FG) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACIW and FG?
Over the past 3 years, ACIW and FG moved with a correlation of 0.51, which is moderate. The past 12 months show a weaker link (0.38) than the 3-year average (0.51). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 757.8 %².
By 3-year correlation, FG places #7 of the 20 assets tracked against ACIW. The last year tells two different stories: ACIW led by 41.5 percentage points, +11.8% for ACIW against -29.7% for FG.
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.
ACIW vs FG: side by side
| ACIW (ACI Worldwide, Inc.) | FG (F&G Annuities & Life, Inc.) | |
|---|---|---|
| 1-year return | +11.8% | -29.7% |
| 5-year return | +69.0% | n/a |
| Volatility (ann.) | 35.3% | 42.0% |
| Beta vs S&P 500 | 1.07 | 1.02 |
| Max drawdown (3Y) | -35.0% | -56.2% |
| Market cap | $5.5B | $3.1B |
| P/E (trailing) | 24.3 | 7.7 |
| Dividend yield | 0.00% | 4.27% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACIW | FG |
|---|---|---|
| 2022 | -33.7% | – |
| 2023 | +33.0% | +137.1% |
| 2024 | +69.6% | -8.0% |
| 2025 | -7.9% | -23.6% |
| 2026 | +13.4% | -22.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACIW and FG good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACIW and FG?
As of 2026-08-27, the correlation of weekly returns between ACIW and FG is 0.51 over 3 years, 0.38 over 1 year and 0.37 over 5 years.
Is FG a good diversifier for ACIW?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aciw-vs-fg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aciw-vs-fg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACIW correlations · FG correlations
