AIZ vs PLGO: Correlation
How closely do Assurant (AIZ) and Pelagos Insurance Capital Limited (PLGO) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIZ and PLGO?
On 3 years of weekly data the AIZ/PLGO correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.50 over 3. The 5-year figure is n/a, and annualized covariance runs at 319.6 %².
By 3-year correlation, PLGO places #19 of the 34 assets tracked against AIZ. On 12-month performance PLGO holds a 10.0-point edge, +34.1% against +44.1%.
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 PLGO: side by side
| AIZ (Assurant) | PLGO (Pelagos Insurance Capital Limited) | |
|---|---|---|
| 1-year return | +34.1% | +44.1% |
| 5-year return | +83.5% | n/a |
| Volatility (ann.) | 21.5% | 29.5% |
| Beta vs S&P 500 | 0.60 | 0.43 |
| Max drawdown (3Y) | -20.8% | -29.9% |
| Market cap | $14.1B | $2.1B |
| P/E (trailing) | 13.8 | 6.1 |
| Dividend yield | 1.19% | 2.45% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIZ | PLGO |
|---|---|---|
| 2022 | -18.3% | – |
| 2023 | +37.5% | – |
| 2024 | +28.5% | +46.3% |
| 2025 | +14.7% | +9.4% |
| 2026 | +19.4% | +26.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIZ and PLGO good diversifiers for each other?
Only partially. A correlation of 0.50 means AIZ and PLGO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AIZ and PLGO?
As of 2026-08-27, the correlation of weekly returns between AIZ and PLGO is 0.50 over 3 years, 0.44 over 1 year and n/a over 5 years.
Is PLGO a good diversifier for AIZ?
Only partially. A correlation of 0.50 means AIZ and PLGO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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
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Related comparisons
Hubs: AIZ correlations · PLGO correlations
