AGO vs AHCO: Correlation
Assured Guaranty Ltd. (AGO) and AdaptHealth Corp. (AHCO) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGO and AHCO?
On 3 years of weekly data the AGO/AHCO correlation comes out at 0.37, moderate. The link has tightened recently: the 1-year correlation (0.60) runs above the 3-year figure (0.37). The 5-year figure is 0.32, and annualized covariance runs at 495.7 %².
By 3-year correlation, AHCO places #8 of the 14 assets tracked against AGO. Correlation aside, the last 12 months split them widely, with AGO ahead by 30.8 points (-6.2% versus -37.0%). One caveat on sizing: AHCO is 2.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AGO vs AHCO: side by side
| AGO (Assured Guaranty Ltd.) | AHCO (AdaptHealth Corp.) | |
|---|---|---|
| 1-year return | -6.2% | -37.0% |
| 5-year return | +64.9% | -75.6% |
| Volatility (ann.) | 21.4% | 62.0% |
| Beta vs S&P 500 | 0.51 | 0.40 |
| Max drawdown (3Y) | -22.0% | -61.0% |
| Market cap | $3.3B | $0.8B |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 1.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGO | AHCO |
|---|---|---|
| 2022 | +26.2% | -21.4% |
| 2023 | +22.5% | -62.1% |
| 2024 | +22.1% | +30.6% |
| 2025 | +0.6% | +4.6% |
| 2026 | -14.4% | -41.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGO and AHCO good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AGO and AHCO?
As of 2026-08-27, the correlation of weekly returns between AGO and AHCO is 0.37 over 3 years, 0.60 over 1 year and 0.32 over 5 years.
Is AHCO a good diversifier for AGO?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 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/ago-vs-ahco.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ago-vs-ahco/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGO correlations · AHCO correlations
