AIZ vs L: Correlation
Assurant (AIZ) and Loews Corporation (L) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIZ and L?
Across a 3-year window, the weekly returns of AIZ and L correlate at 0.67, strong. The past 12 months show a weaker link (0.50) than the 3-year average (0.67). Stretching to 5 years gives 0.66, with an annualized covariance of 241.2 %².
L is one of the assets that tracks AIZ most closely: it ranks #1 out of the 34 assets we track against AIZ. Correlation aside, the last 12 months split them widely, with AIZ ahead by 19.9 points (+34.1% versus +14.2%). On a rolling one-year basis the correlation drifted between 0.50 and 0.85, a moderate band.
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 L: side by side
| AIZ (Assurant) | L (Loews Corporation) | |
|---|---|---|
| 1-year return | +34.1% | +14.2% |
| 5-year return | +83.5% | +100.1% |
| Volatility (ann.) | 21.5% | 16.6% |
| Beta vs S&P 500 | 0.60 | 0.33 |
| Max drawdown (3Y) | -20.8% | -12.2% |
| Market cap | $14.1B | $22.5B |
| P/E (trailing) | 13.8 | 13.5 |
| Dividend yield | 1.19% | 0.23% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AIZ | L |
|---|---|---|
| 2022 | -18.3% | +1.4% |
| 2023 | +37.5% | +19.8% |
| 2024 | +28.5% | +22.1% |
| 2025 | +14.7% | +24.7% |
| 2026 | +19.4% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIZ and L good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AIZ and L?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.50 over the last year and 0.66 over 5 years.
Is L a good diversifier for AIZ?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aiz-vs-l.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aiz-vs-l/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIZ correlations · L correlations
