AIZ vs AXS: Correlation
Measured on weekly returns over the past three years, Assurant (AIZ) and Axis Capital Holdings Limited (AXS) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIZ and AXS?
Across a 3-year window, the weekly returns of AIZ and AXS correlate at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 285.4 %².
By 3-year correlation, AXS places #11 of the 34 assets tracked against AIZ. The last year tells two different stories: AIZ led by 32.6 percentage points, +34.1% for AIZ against +1.5% for AXS.
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 AXS: side by side
| AIZ (Assurant) | AXS (Axis Capital Holdings Limited) | |
|---|---|---|
| 1-year return | +34.1% | +1.5% |
| 5-year return | +83.5% | +118.2% |
| Volatility (ann.) | 21.5% | 23.0% |
| Beta vs S&P 500 | 0.60 | 0.30 |
| Max drawdown (3Y) | -20.8% | -17.4% |
| Market cap | $14.1B | $7.2B |
| P/E (trailing) | 13.8 | 7.1 |
| Dividend yield | 1.19% | 1.76% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIZ | AXS |
|---|---|---|
| 2022 | -18.3% | +2.6% |
| 2023 | +37.5% | +5.6% |
| 2024 | +28.5% | +63.9% |
| 2025 | +14.7% | +21.9% |
| 2026 | +19.4% | -6.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIZ and AXS good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AIZ and AXS?
As of 2026-08-27, the correlation of weekly returns between AIZ and AXS is 0.58 over 3 years, 0.57 over 1 year and 0.49 over 5 years.
Is AXS a good diversifier for AIZ?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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-axs.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aiz-vs-axs/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIZ correlations · AXS correlations
