AIZ vs RIGL: Correlation
Assurant (AIZ) and Rigel Pharmaceuticals, Inc. (RIGL) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIZ and RIGL?
Over the past 3 years, AIZ and RIGL moved with a correlation of 0.53, which is moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.53). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 877.9 %².
Among the 34 assets we track against AIZ, RIGL ranks #17 by 3-year correlation. The last year tells two different stories: AIZ led by 16.2 percentage points, +34.1% for AIZ against +17.9% for RIGL. One caveat on sizing: RIGL is 3.6 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 RIGL: side by side
| AIZ (Assurant) | RIGL (Rigel Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +34.1% | +17.9% |
| 5-year return | +83.5% | +23.3% |
| Volatility (ann.) | 21.5% | 76.9% |
| Beta vs S&P 500 | 0.60 | 1.98 |
| Max drawdown (3Y) | -20.8% | -50.8% |
| Market cap | $14.1B | $0.9B |
| P/E (trailing) | 13.8 | 2.8 |
| Dividend yield | 1.19% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIZ | RIGL |
|---|---|---|
| 2022 | -18.3% | -43.4% |
| 2023 | +37.5% | -3.3% |
| 2024 | +28.5% | +16.0% |
| 2025 | +14.7% | +154.6% |
| 2026 | +19.4% | +9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIZ and RIGL good diversifiers for each other?
Only partially. A correlation of 0.53 means AIZ and RIGL 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 RIGL?
As of 2026-08-27, the correlation of weekly returns between AIZ and RIGL is 0.53 over 3 years, 0.19 over 1 year and 0.22 over 5 years.
Is RIGL a good diversifier for AIZ?
Only partially. A correlation of 0.53 means AIZ and RIGL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 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-rigl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aiz-vs-rigl/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIZ correlations · RIGL correlations
