AFG vs AIZ: Correlation
American Financial Group, Inc. (AFG) and Assurant (AIZ) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFG and AIZ?
Across a 3-year window, the weekly returns of AFG and AIZ correlate at 0.65, strong. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 272.7 %².
Few assets follow AFG as closely as AIZ, which ranks #3 of 19 tracked partners. Their recent paths diverged sharply: over the last 12 months AIZ outperformed by 23.7 percentage points (+10.4% for AFG against +34.1% for AIZ).
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.
AFG vs AIZ: side by side
| AFG (American Financial Group, Inc.) | AIZ (Assurant) | |
|---|---|---|
| 1-year return | +10.4% | +34.1% |
| 5-year return | +56.7% | +83.5% |
| Volatility (ann.) | 19.5% | 21.5% |
| Beta vs S&P 500 | 0.43 | 0.60 |
| Max drawdown (3Y) | -19.8% | -20.8% |
| Market cap | $11.8B | $14.1B |
| P/E (trailing) | 12.7 | 13.8 |
| Dividend yield | 2.43% | 1.19% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AFG | AIZ |
|---|---|---|
| 2022 | +10.9% | -18.3% |
| 2023 | -7.6% | +37.5% |
| 2024 | +23.8% | +28.5% |
| 2025 | +5.4% | +14.7% |
| 2026 | +7.7% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFG and AIZ good diversifiers for each other?
To a limited degree. At 0.65 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 AFG and AIZ?
The AFG/AIZ correlation stands at 0.65 on a 3-year window (1 year: 0.58, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is AIZ a good diversifier for AFG?
To a limited degree. At 0.65 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 0.65 mean?
A reading of 0.65 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/afg-vs-aiz.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AFG correlations · AIZ correlations
