AIG vs WHLR: Correlation
How closely do American International Group (AIG) and Wheeler Real Estate Investment Trust, Inc. (WHLR) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIG and WHLR?
Over the past 3 years, AIG and WHLR moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -2124.3 %².
Within AIG's tracked universe of 28 assets, WHLR comes in at #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AIG ahead by 95.4 points (-4.6% versus -100.0%). Risk is not evenly split, since WHLR carries 27.1 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 WHLR: side by side
| AIG (American International Group) | WHLR (Wheeler Real Estate Investment Trust, Inc.) | |
|---|---|---|
| 1-year return | -4.6% | -100.0% |
| 5-year return | +58.9% | -100.0% |
| Volatility (ann.) | 20.1% | 545.0% |
| Beta vs S&P 500 | 0.46 | -5.84 |
| Max drawdown (3Y) | -17.0% | -100.0% |
| Market cap | $40.1B | – |
| P/E (trailing) | 14.0 | 0.0 |
| Dividend yield | 2.40% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIG | WHLR |
|---|---|---|
| 2022 | +13.8% | -28.0% |
| 2023 | +9.8% | -98.4% |
| 2024 | +9.8% | -98.4% |
| 2025 | +20.0% | -100.0% |
| 2026 | -9.3% | -99.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIG and WHLR good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between AIG and WHLR?
The AIG/WHLR correlation stands at -0.19 on a 3-year window (1 year: -0.14, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is WHLR a good diversifier for AIG?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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.
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Related comparisons
Hubs: AIG correlations · WHLR correlations
