AIG vs FHN: Correlation
How closely do American International Group (AIG) and First Horizon Corporation (FHN) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIG and FHN?
Across a 3-year window, the weekly returns of AIG and FHN correlate at 0.51, moderate. The past 12 months show a weaker link (0.36) than the 3-year average (0.51). Stretching to 5 years gives 0.34, with an annualized covariance of 312.4 %².
Among the 28 assets we track against AIG, FHN ranks #14 by 3-year correlation. The trailing year gives FHN the advantage: -4.6% versus +9.9%, a 14.5-point spread. Risk is not evenly split, since FHN carries 1.5 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.
AIG vs FHN: side by side
| AIG (American International Group) | FHN (First Horizon Corporation) | |
|---|---|---|
| 1-year return | -4.6% | +9.9% |
| 5-year return | +58.9% | +77.9% |
| Volatility (ann.) | 20.1% | 30.5% |
| Beta vs S&P 500 | 0.46 | 1.08 |
| Max drawdown (3Y) | -17.0% | -27.1% |
| Market cap | $40.1B | $11.6B |
| P/E (trailing) | 14.0 | 11.8 |
| Dividend yield | 2.40% | 2.60% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIG | FHN |
|---|---|---|
| 2022 | +13.8% | +53.9% |
| 2023 | +9.8% | -39.4% |
| 2024 | +9.8% | +47.7% |
| 2025 | +20.0% | +22.1% |
| 2026 | -9.3% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIG and FHN good diversifiers for each other?
Only partially. A correlation of 0.51 means AIG and FHN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AIG and FHN?
The AIG/FHN correlation stands at 0.51 on a 3-year window (1 year: 0.36, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is FHN a good diversifier for AIG?
Only partially. A correlation of 0.51 means AIG and FHN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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/aig-vs-fhn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aig-vs-fhn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIG correlations · FHN correlations
