AGO vs TRV: Correlation
Measured on weekly returns over the past three years, Assured Guaranty Ltd. (AGO) and Travelers Companies (The) (TRV) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGO and TRV?
Over the past 3 years, AGO and TRV moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 256.5 %².
Within AGO's tracked universe of 14 assets, TRV comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TRV outperformed by 44.0 percentage points (-6.2% for AGO 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.
AGO vs TRV: side by side
| AGO (Assured Guaranty Ltd.) | TRV (Travelers Companies (The)) | |
|---|---|---|
| 1-year return | -6.2% | +37.8% |
| 5-year return | +64.9% | +155.3% |
| Volatility (ann.) | 21.4% | 20.8% |
| Beta vs S&P 500 | 0.51 | 0.36 |
| Max drawdown (3Y) | -22.0% | -12.5% |
| Market cap | $3.3B | $77.0B |
| P/E (trailing) | 10.1 | 10.0 |
| Dividend yield | 1.90% | 1.23% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AGO | TRV |
|---|---|---|
| 2022 | +26.2% | +22.4% |
| 2023 | +22.5% | +3.9% |
| 2024 | +22.1% | +28.8% |
| 2025 | +0.6% | +22.4% |
| 2026 | -14.4% | +28.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGO and TRV good diversifiers for each other?
To a limited degree. At 0.58 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 AGO and TRV?
The AGO/TRV correlation stands at 0.58 on a 3-year window (1 year: 0.61, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is TRV a good diversifier for AGO?
To a limited degree. At 0.58 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 0.58 mean?
On the −1 to +1 scale, 0.58 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/ago-vs-trv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ago-vs-trv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGO correlations · TRV correlations
