AGIG vs MRSH: Correlation
Measured on weekly returns over the past three years, Abundia Global Impact Group Inc. (AGIG) and Marsh McLennan (MRSH) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and MRSH?
Across a 3-year window, the weekly returns of AGIG and MRSH correlate at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.22 over 3 years. Stretching to 5 years gives -0.19, with an annualized covariance of -628.9 %².
Among the 34 assets we track against AGIG, MRSH ranks #22 by 3-year correlation. The last year tells two different stories: MRSH led by 82.7 percentage points, -88.7% for AGIG against -6.0% for MRSH. Risk is not evenly split, since AGIG carries 8.7 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.
AGIG vs MRSH: side by side
| AGIG (Abundia Global Impact Group Inc.) | MRSH (Marsh McLennan) | |
|---|---|---|
| 1-year return | -88.7% | -6.0% |
| 5-year return | -94.6% | +31.3% |
| Volatility (ann.) | 157.1% | 18.1% |
| Beta vs S&P 500 | -0.21 | 0.33 |
| Max drawdown (3Y) | -96.7% | -34.4% |
| Market cap | – | $90.7B |
| P/E (trailing) | – | 23.6 |
| Dividend yield | 0.00% | 1.91% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AGIG | MRSH |
|---|---|---|
| 2022 | +140.6% | -3.5% |
| 2023 | -48.0% | +16.1% |
| 2024 | -27.9% | +13.7% |
| 2025 | -84.7% | -11.3% |
| 2026 | -51.0% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and MRSH good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between AGIG and MRSH?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.03 over the last year and -0.19 over 5 years.
Is MRSH a good diversifier for AGIG?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AGIG correlations · MRSH correlations
