AIG vs JCSE: Correlation
American International Group (AIG) and JE Cleantech Holdings Limited (JCSE) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIG and JCSE?
Across a 3-year window, the weekly returns of AIG and JCSE correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. Stretching to 5 years gives -0.06, with an annualized covariance of -520.1 %².
Among the 28 assets we track against AIG, JCSE sits near the bottom by co-movement, at rank #24. The last year tells two different stories: JCSE led by 110.5 percentage points, -4.6% for AIG against +105.9% for JCSE. One caveat on sizing: JCSE is 6.1 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 JCSE: side by side
| AIG (American International Group) | JCSE (JE Cleantech Holdings Limited) | |
|---|---|---|
| 1-year return | -4.6% | +105.9% |
| 5-year return | +58.9% | -96.2% |
| Volatility (ann.) | 20.1% | 123.3% |
| Beta vs S&P 500 | 0.46 | 0.09 |
| Max drawdown (3Y) | -17.0% | -64.2% |
| Market cap | $40.1B | – |
| P/E (trailing) | 14.0 | 3.1 |
| Dividend yield | 2.40% | 36.52% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIG | JCSE |
|---|---|---|
| 2022 | +13.8% | – |
| 2023 | +9.8% | -66.0% |
| 2024 | +9.8% | +92.4% |
| 2025 | +20.0% | -23.1% |
| 2026 | -9.3% | +94.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIG and JCSE good diversifiers for each other?
Yes. With a correlation of -0.21, AIG and JCSE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIG and JCSE?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.27 over the last year and -0.06 over 5 years.
Is JCSE a good diversifier for AIG?
Yes. With a correlation of -0.21, AIG and JCSE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aig-vs-jcse.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aig-vs-jcse/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIG correlations · JCSE correlations
