AIG vs CALM: Correlation
American International Group (AIG) and Cal-Maine Foods, Inc. (CALM) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIG and CALM?
On 3 years of weekly data the AIG/CALM correlation comes out at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.31 lands near the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 191.3 %².
By 3-year correlation, CALM places #17 of the 28 assets tracked against AIG. Correlation aside, the last 12 months split them widely, with AIG ahead by 25.1 points (-4.6% versus -29.7%). One caveat on sizing: CALM is 1.5 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.
AIG vs CALM: side by side
| AIG (American International Group) | CALM (Cal-Maine Foods, Inc.) | |
|---|---|---|
| 1-year return | -4.6% | -29.7% |
| 5-year return | +58.9% | +187.0% |
| Volatility (ann.) | 20.1% | 30.5% |
| Beta vs S&P 500 | 0.46 | 0.35 |
| Max drawdown (3Y) | -17.0% | -37.0% |
| Market cap | $40.1B | $3.7B |
| P/E (trailing) | 14.0 | 12.5 |
| Dividend yield | 2.40% | 2.96% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIG | CALM |
|---|---|---|
| 2022 | +13.8% | +51.9% |
| 2023 | +9.8% | +14.5% |
| 2024 | +9.8% | +87.0% |
| 2025 | +20.0% | -15.6% |
| 2026 | -9.3% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIG and CALM good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AIG and CALM?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.31 over the last year and 0.28 over 5 years.
Is CALM a good diversifier for AIG?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/aig-vs-calm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aig-vs-calm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIG correlations · CALM correlations
