AIG vs MKL: Correlation
How closely do American International Group (AIG) and Markel Group Inc. (MKL) 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 MKL?
On 3 years of weekly data the AIG/MKL correlation comes out at 0.51, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.39 versus 0.51 over 3 years. The 5-year figure is 0.59, and annualized covariance runs at 216.0 %².
Within AIG's tracked universe of 28 assets, MKL comes in at #15 by 3-year correlation. Their 12-month results are close: -4.6% for AIG against -7.8% for MKL.
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 MKL: side by side
| AIG (American International Group) | MKL (Markel Group Inc.) | |
|---|---|---|
| 1-year return | -4.6% | -7.8% |
| 5-year return | +58.9% | +43.0% |
| Volatility (ann.) | 20.1% | 21.0% |
| Beta vs S&P 500 | 0.46 | 0.44 |
| Max drawdown (3Y) | -17.0% | -20.1% |
| Market cap | $40.1B | $22.4B |
| P/E (trailing) | 14.0 | 10.0 |
| Dividend yield | 2.40% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIG | MKL |
|---|---|---|
| 2022 | +13.8% | +6.8% |
| 2023 | +9.8% | +7.8% |
| 2024 | +9.8% | +21.6% |
| 2025 | +20.0% | +24.5% |
| 2026 | -9.3% | -16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIG and MKL good diversifiers for each other?
Only partially. A correlation of 0.51 means AIG and MKL 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 MKL?
As of 2026-08-27, the correlation of weekly returns between AIG and MKL is 0.51 over 3 years, 0.39 over 1 year and 0.59 over 5 years.
Is MKL a good diversifier for AIG?
Only partially. A correlation of 0.51 means AIG and MKL 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-mkl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aig-vs-mkl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIG correlations · MKL correlations
