ACT vs GNW: Correlation
How closely do Enact Holdings, Inc. (ACT) and Genworth Financial Inc (GNW) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACT and GNW?
Over the past 3 years, ACT and GNW moved with a correlation of 0.66, which is strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.66 over 3. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 363.6 %².
By 3-year correlation, GNW places #5 of the 12 assets tracked against ACT. The last year tells two different stories: ACT led by 16.8 percentage points, +31.3% for ACT against +14.5% for GNW.
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.
ACT vs GNW: side by side
| ACT (Enact Holdings, Inc.) | GNW (Genworth Financial Inc) | |
|---|---|---|
| 1-year return | +31.3% | +14.5% |
| 5-year return | +200.2% | +172.1% |
| Volatility (ann.) | 19.7% | 28.1% |
| Beta vs S&P 500 | 0.46 | 0.59 |
| Max drawdown (3Y) | -15.3% | -21.7% |
| Market cap | $6.7B | $3.8B |
| P/E (trailing) | 10.4 | 19.5 |
| Dividend yield | 1.77% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACT | GNW |
|---|---|---|
| 2022 | +24.1% | +30.6% |
| 2023 | +25.8% | +26.3% |
| 2024 | +14.7% | +4.6% |
| 2025 | +25.2% | +29.2% |
| 2026 | +25.6% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACT and GNW good diversifiers for each other?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ACT and GNW?
As of 2026-08-27, the correlation of weekly returns between ACT and GNW is 0.66 over 3 years, 0.70 over 1 year and 0.56 over 5 years.
Is GNW a good diversifier for ACT?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.66 mean?
A reading of 0.66 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/act-vs-gnw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/act-vs-gnw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACT correlations · GNW correlations
