AFG vs TRV: Correlation
Measured on weekly returns over the past three years, American Financial Group, Inc. (AFG) and Travelers Companies (The) (TRV) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFG and TRV?
Across a 3-year window, the weekly returns of AFG and TRV correlate at 0.60, strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. Stretching to 5 years gives 0.62, with an annualized covariance of 244.1 %².
Among the 19 assets we track against AFG, TRV ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRV outperformed by 27.4 percentage points (+10.4% for AFG against +37.8% for TRV).
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 TRV: side by side
| AFG (American Financial Group, Inc.) | TRV (Travelers Companies (The)) | |
|---|---|---|
| 1-year return | +10.4% | +37.8% |
| 5-year return | +56.7% | +155.3% |
| Volatility (ann.) | 19.5% | 20.8% |
| Beta vs S&P 500 | 0.43 | 0.36 |
| Max drawdown (3Y) | -19.8% | -12.5% |
| Market cap | $11.8B | $77.0B |
| P/E (trailing) | 12.7 | 10.0 |
| Dividend yield | 2.43% | 1.23% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AFG | TRV |
|---|---|---|
| 2022 | +10.9% | +22.4% |
| 2023 | -7.6% | +3.9% |
| 2024 | +23.8% | +28.8% |
| 2025 | +5.4% | +22.4% |
| 2026 | +7.7% | +28.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFG and TRV good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AFG and TRV?
The AFG/TRV correlation stands at 0.60 on a 3-year window (1 year: 0.63, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is TRV a good diversifier for AFG?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
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-trv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/afg-vs-trv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AFG correlations · TRV correlations
