AIZ vs CB: Correlation
How closely do Assurant (AIZ) and Chubb Limited (CB) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIZ and CB?
Over the past 3 years, AIZ and CB moved with a correlation of 0.62, which is strong. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 235.1 %².
By 3-year correlation, CB places #4 of the 34 assets tracked against AIZ. On 12-month performance AIZ holds a 9.4-point edge, +34.1% against +24.7%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.19 to 0.78.
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 CB: side by side
| AIZ (Assurant) | CB (Chubb Limited) | |
|---|---|---|
| 1-year return | +34.1% | +24.7% |
| 5-year return | +83.5% | +96.8% |
| Volatility (ann.) | 21.5% | 17.7% |
| Beta vs S&P 500 | 0.60 | 0.17 |
| Max drawdown (3Y) | -20.8% | -14.4% |
| Market cap | $14.1B | $130.5B |
| P/E (trailing) | 13.8 | 12.2 |
| Dividend yield | 1.19% | 1.14% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AIZ | CB |
|---|---|---|
| 2022 | -18.3% | +16.0% |
| 2023 | +37.5% | +4.2% |
| 2024 | +28.5% | +23.9% |
| 2025 | +14.7% | +13.7% |
| 2026 | +19.4% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIZ and CB good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AIZ and CB?
The AIZ/CB correlation stands at 0.62 on a 3-year window (1 year: 0.59, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is CB a good diversifier for AIZ?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.62 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aiz-vs-cb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aiz-vs-cb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIZ correlations · CB correlations
