AFG vs PLGO: Correlation
How closely do American Financial Group, Inc. (AFG) and Pelagos Insurance Capital Limited (PLGO) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFG and PLGO?
Across a 3-year window, the weekly returns of AFG and PLGO correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.50 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 288.0 %².
By 3-year correlation, PLGO places #13 of the 19 assets tracked against AFG. Correlation aside, the last 12 months split them widely, with PLGO ahead by 33.7 points (+10.4% versus +44.1%). Risk is not evenly split, since PLGO carries 1.5 times the volatility of the other side.
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 PLGO: side by side
| AFG (American Financial Group, Inc.) | PLGO (Pelagos Insurance Capital Limited) | |
|---|---|---|
| 1-year return | +10.4% | +44.1% |
| 5-year return | +56.7% | n/a |
| Volatility (ann.) | 19.5% | 29.5% |
| Beta vs S&P 500 | 0.43 | 0.43 |
| Max drawdown (3Y) | -19.8% | -29.9% |
| Market cap | $11.8B | $2.1B |
| P/E (trailing) | 12.7 | 6.1 |
| Dividend yield | 2.43% | 2.45% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AFG | PLGO |
|---|---|---|
| 2022 | +10.9% | – |
| 2023 | -7.6% | – |
| 2024 | +23.8% | +46.3% |
| 2025 | +5.4% | +9.4% |
| 2026 | +7.7% | +26.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFG and PLGO good diversifiers for each other?
To a limited degree. At 0.50 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 PLGO?
The AFG/PLGO correlation stands at 0.50 on a 3-year window (1 year: 0.46, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PLGO a good diversifier for AFG?
To a limited degree. At 0.50 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 0.50 mean?
On the −1 to +1 scale, 0.50 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.
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Related comparisons
Hubs: AFG correlations · PLGO correlations
