AIZ vs ALL: Correlation
Assurant (AIZ) and Allstate (ALL) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIZ and ALL?
On 3 years of weekly data the AIZ/ALL correlation comes out at 0.61, strong. Lately the two have drifted apart, with the 1-year correlation at 0.48 versus 0.61 over 3 years. The 5-year figure is 0.52, and annualized covariance runs at 288.8 %².
Within AIZ's tracked universe of 34 assets, ALL comes in at #8 by 3-year correlation. Over the last 12 months AIZ came out ahead by 5.2 percentage points (+34.1% against +28.9%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.31 to 0.82.
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.
AIZ vs ALL: side by side
| AIZ (Assurant) | ALL (Allstate) | |
|---|---|---|
| 1-year return | +34.1% | +28.9% |
| 5-year return | +83.5% | +114.7% |
| Volatility (ann.) | 21.5% | 22.1% |
| Beta vs S&P 500 | 0.60 | 0.31 |
| Max drawdown (3Y) | -20.8% | -14.1% |
| Market cap | $14.1B | $65.1B |
| P/E (trailing) | 13.8 | 5.2 |
| Dividend yield | 1.19% | 1.59% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AIZ | ALL |
|---|---|---|
| 2022 | -18.3% | +18.4% |
| 2023 | +37.5% | +6.4% |
| 2024 | +28.5% | +40.6% |
| 2025 | +14.7% | +10.1% |
| 2026 | +19.4% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIZ and ALL good diversifiers for each other?
Only partially. A correlation of 0.61 means AIZ and ALL 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 AIZ and ALL?
As of 2026-08-27, the correlation of weekly returns between AIZ and ALL is 0.61 over 3 years, 0.48 over 1 year and 0.52 over 5 years.
Is ALL a good diversifier for AIZ?
Only partially. A correlation of 0.61 means AIZ and ALL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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: AIZ correlations · ALL correlations
