AIZ vs BESS: Correlation
How closely do Assurant (AIZ) and Bimergen Energy Corporation (BESS) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIZ and BESS?
On 3 years of weekly data the AIZ/BESS correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.04) runs above the 3-year figure (-0.17). The 5-year figure is -0.11, and annualized covariance runs at -18674.5 %².
Within AIZ's tracked universe of 34 assets, BESS comes in at #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AIZ outperformed by 84.5 percentage points (+34.1% for AIZ against -50.4% for BESS). One caveat on sizing: BESS is 239.1 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 BESS: side by side
| AIZ (Assurant) | BESS (Bimergen Energy Corporation) | |
|---|---|---|
| 1-year return | +34.1% | -50.4% |
| 5-year return | +83.5% | -87.7% |
| Volatility (ann.) | 21.5% | 5140.2% |
| Beta vs S&P 500 | 0.60 | 17.01 |
| Max drawdown (3Y) | -20.8% | -99.5% |
| 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 | BESS |
|---|---|---|
| 2022 | -18.3% | -30.0% |
| 2023 | +37.5% | -14.3% |
| 2024 | +28.5% | +16.7% |
| 2025 | +14.7% | +7.1% |
| 2026 | +19.4% | -70.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIZ and BESS good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between AIZ and BESS?
As of 2026-08-27, the correlation of weekly returns between AIZ and BESS is -0.17 over 3 years, 0.04 over 1 year and -0.11 over 5 years.
Is BESS a good diversifier for AIZ?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
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.
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Related comparisons
Hubs: AIZ correlations · BESS correlations
