AIZ vs CAH: Correlation
Assurant (AIZ) and Cardinal Health (CAH) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIZ and CAH?
Over the past 3 years, AIZ and CAH moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.35 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 202.3 %².
Within AIZ's tracked universe of 34 assets, CAH comes in at #23 by 3-year correlation. The last year tells two different stories: CAH led by 25.1 percentage points, +34.1% for AIZ against +59.2% for CAH. Across three years, the rolling one-year figure varied moderately, from 0.13 to 0.60.
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 CAH: side by side
| AIZ (Assurant) | CAH (Cardinal Health) | |
|---|---|---|
| 1-year return | +34.1% | +59.2% |
| 5-year return | +83.5% | +409.0% |
| Volatility (ann.) | 21.5% | 24.2% |
| Beta vs S&P 500 | 0.60 | 0.31 |
| Max drawdown (3Y) | -20.8% | -20.4% |
| Market cap | $14.1B | $54.7B |
| P/E (trailing) | 13.8 | 33.0 |
| Dividend yield | 1.19% | 0.86% |
| Sector / category | Financials | Health Care |
Year-by-year returns
| Year | AIZ | CAH |
|---|---|---|
| 2022 | -18.3% | +54.1% |
| 2023 | +37.5% | +34.1% |
| 2024 | +28.5% | +19.0% |
| 2025 | +14.7% | +76.3% |
| 2026 | +19.4% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIZ and CAH good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AIZ and CAH?
The AIZ/CAH correlation stands at 0.39 on a 3-year window (1 year: 0.35, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is CAH a good diversifier for AIZ?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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-cah.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aiz-vs-cah/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIZ correlations · CAH correlations
