AFG vs CB: Correlation
How closely do American Financial Group, Inc. (AFG) and Chubb Limited (CB) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFG and CB?
On 3 years of weekly data the AFG/CB correlation comes out at 0.60, strong. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 207.8 %².
Among the 19 assets we track against AFG, CB ranks #7 by 3-year correlation. On 12-month performance CB holds a 14.3-point edge, +10.4% against +24.7%.
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 CB: side by side
| AFG (American Financial Group, Inc.) | CB (Chubb Limited) | |
|---|---|---|
| 1-year return | +10.4% | +24.7% |
| 5-year return | +56.7% | +96.8% |
| Volatility (ann.) | 19.5% | 17.7% |
| Beta vs S&P 500 | 0.43 | 0.17 |
| Max drawdown (3Y) | -19.8% | -14.4% |
| Market cap | $11.8B | $130.5B |
| P/E (trailing) | 12.7 | 12.2 |
| Dividend yield | 2.43% | 1.14% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AFG | CB |
|---|---|---|
| 2022 | +10.9% | +16.0% |
| 2023 | -7.6% | +4.2% |
| 2024 | +23.8% | +23.9% |
| 2025 | +5.4% | +13.7% |
| 2026 | +7.7% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFG and CB good diversifiers for each other?
Only partially. A correlation of 0.60 means AFG and CB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AFG and CB?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.64 over the last year and 0.66 over 5 years.
Is CB a good diversifier for AFG?
Only partially. A correlation of 0.60 means AFG and CB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 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/afg-vs-cb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/afg-vs-cb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AFG correlations · CB correlations
