AFG vs ORI: Correlation
Measured on weekly returns over the past three years, American Financial Group, Inc. (AFG) and Old Republic International Corporation (ORI) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFG and ORI?
On 3 years of weekly data the AFG/ORI correlation comes out at 0.65, strong. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. The 5-year figure is 0.63, and annualized covariance runs at 268.2 %².
By 3-year correlation, ORI places #4 of the 19 assets tracked against AFG. Neither side won the trailing year by much: +10.4% against +15.0%.
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 ORI: side by side
| AFG (American Financial Group, Inc.) | ORI (Old Republic International Corporation) | |
|---|---|---|
| 1-year return | +10.4% | +15.0% |
| 5-year return | +56.7% | +137.4% |
| Volatility (ann.) | 19.5% | 21.1% |
| Beta vs S&P 500 | 0.43 | 0.28 |
| Max drawdown (3Y) | -19.8% | -16.2% |
| Market cap | $11.8B | $10.2B |
| P/E (trailing) | 12.7 | 9.3 |
| Dividend yield | 2.43% | 2.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFG | ORI |
|---|---|---|
| 2022 | +10.9% | +6.7% |
| 2023 | -7.6% | +26.3% |
| 2024 | +23.8% | +27.1% |
| 2025 | +5.4% | +37.5% |
| 2026 | +7.7% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFG and ORI good diversifiers for each other?
Only partially. A correlation of 0.65 means AFG and ORI 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 ORI?
The AFG/ORI correlation stands at 0.65 on a 3-year window (1 year: 0.59, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is ORI a good diversifier for AFG?
Only partially. A correlation of 0.65 means AFG and ORI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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-ori.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/afg-vs-ori/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AFG correlations · ORI correlations
