AIG vs L: Correlation
American International Group (AIG) and Loews Corporation (L) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIG and L?
Across a 3-year window, the weekly returns of AIG and L correlate at 0.62, strong. The past 12 months show a weaker link (0.47) than the 3-year average (0.62). Stretching to 5 years gives 0.71, with an annualized covariance of 206.4 %².
In AIG's tracked universe of 28 assets, L sits right near the top at #3. The last year tells two different stories: L led by 18.8 percentage points, -4.6% for AIG against +14.2% for L. Across three years, the rolling one-year figure varied moderately, from 0.44 to 0.86.
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 L: side by side
| AIG (American International Group) | L (Loews Corporation) | |
|---|---|---|
| 1-year return | -4.6% | +14.2% |
| 5-year return | +58.9% | +100.1% |
| Volatility (ann.) | 20.1% | 16.6% |
| Beta vs S&P 500 | 0.46 | 0.33 |
| Max drawdown (3Y) | -17.0% | -12.2% |
| Market cap | $40.1B | $22.5B |
| P/E (trailing) | 14.0 | 13.5 |
| Dividend yield | 2.40% | 0.23% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AIG | L |
|---|---|---|
| 2022 | +13.8% | +1.4% |
| 2023 | +9.8% | +19.8% |
| 2024 | +9.8% | +22.1% |
| 2025 | +20.0% | +24.7% |
| 2026 | -9.3% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIG and L good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AIG and L?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.47 over the last year and 0.71 over 5 years.
Is L a good diversifier for AIG?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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-l.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aig-vs-l/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIG correlations · L correlations
