AFG vs EG: Correlation
How closely do American Financial Group, Inc. (AFG) and Everest Group (EG) 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 AFG and EG?
Across a 3-year window, the weekly returns of AFG and EG correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.56) sits close to the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 222.7 %².
By 3-year correlation, EG places #12 of the 19 assets tracked against AFG. Their 12-month results are close: +10.4% for AFG against +11.3% for EG.
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 EG: side by side
| AFG (American Financial Group, Inc.) | EG (Everest Group) | |
|---|---|---|
| 1-year return | +10.4% | +11.3% |
| 5-year return | +56.7% | +57.2% |
| Volatility (ann.) | 19.5% | 22.2% |
| Beta vs S&P 500 | 0.43 | 0.28 |
| Max drawdown (3Y) | -19.8% | -23.8% |
| Market cap | $11.8B | $14.5B |
| P/E (trailing) | 12.7 | 8.0 |
| Dividend yield | 2.43% | 2.11% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AFG | EG |
|---|---|---|
| 2022 | +10.9% | +23.7% |
| 2023 | -7.6% | +8.7% |
| 2024 | +23.8% | +4.6% |
| 2025 | +5.4% | -5.3% |
| 2026 | +7.7% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFG and EG 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 AFG and EG?
As of 2026-08-27, the correlation of weekly returns between AFG and EG is 0.51 over 3 years, 0.56 over 1 year and 0.60 over 5 years.
Is EG a good diversifier for AFG?
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?
On the −1 to +1 scale, 0.51 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/afg-vs-eg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/afg-vs-eg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AFG correlations · EG correlations
