AIZ vs ARTL: Correlation
Assurant (AIZ) and Artelo Biosciences, Inc. (ARTL) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIZ and ARTL?
Across a 3-year window, the weekly returns of AIZ and ARTL correlate at -0.17, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.25) sits close to the 3-year figure. Stretching to 5 years gives -0.07, with an annualized covariance of -492.1 %².
Within AIZ's tracked universe of 34 assets, ARTL comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AIZ outperformed by 131.7 percentage points (+34.1% for AIZ against -97.6% for ARTL). One caveat on sizing: ARTL is 6.4 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.
AIZ vs ARTL: side by side
| AIZ (Assurant) | ARTL (Artelo Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +34.1% | -97.6% |
| 5-year return | +83.5% | -99.7% |
| Volatility (ann.) | 21.5% | 136.9% |
| Beta vs S&P 500 | 0.60 | -0.54 |
| Max drawdown (3Y) | -20.8% | -99.2% |
| Market cap | $14.1B | – |
| P/E (trailing) | 13.8 | – |
| Dividend yield | 1.19% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIZ | ARTL |
|---|---|---|
| 2022 | -18.3% | -62.9% |
| 2023 | +37.5% | -51.6% |
| 2024 | +28.5% | -24.3% |
| 2025 | +14.7% | -80.8% |
| 2026 | +19.4% | -81.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIZ and ARTL good diversifiers for each other?
Yes. With a correlation of -0.17, AIZ and ARTL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIZ and ARTL?
As of 2026-08-27, the correlation of weekly returns between AIZ and ARTL is -0.17 over 3 years, -0.25 over 1 year and -0.07 over 5 years.
Is ARTL a good diversifier for AIZ?
Yes. With a correlation of -0.17, AIZ and ARTL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/aiz-vs-artl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aiz-vs-artl/)
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Related comparisons
Hubs: AIZ correlations · ARTL correlations
