AIZ vs UVE: Correlation
How closely do Assurant (AIZ) and UNIVERSAL INSURANCE HOLDINGS INC (UVE) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIZ and UVE?
Over the past 3 years, AIZ and UVE moved with a correlation of 0.52, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 373.1 %².
By 3-year correlation, UVE places #18 of the 34 assets tracked against AIZ. The last year tells two different stories: UVE led by 46.2 percentage points, +34.1% for AIZ against +80.3% for UVE. Note the risk asymmetry: UVE runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 UVE: side by side
| AIZ (Assurant) | UVE (UNIVERSAL INSURANCE HOLDINGS INC) | |
|---|---|---|
| 1-year return | +34.1% | +80.3% |
| 5-year return | +83.5% | +277.8% |
| Volatility (ann.) | 21.5% | 33.5% |
| Beta vs S&P 500 | 0.60 | 0.36 |
| Max drawdown (3Y) | -20.8% | -25.7% |
| Market cap | $14.1B | $1.2B |
| P/E (trailing) | 13.8 | 5.7 |
| Dividend yield | 1.19% | 1.46% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIZ | UVE |
|---|---|---|
| 2022 | -18.3% | -33.5% |
| 2023 | +37.5% | +58.1% |
| 2024 | +28.5% | +36.8% |
| 2025 | +14.7% | +65.3% |
| 2026 | +19.4% | +29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIZ and UVE good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AIZ and UVE?
The AIZ/UVE correlation stands at 0.52 on a 3-year window (1 year: 0.43, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is UVE a good diversifier for AIZ?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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-uve.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aiz-vs-uve/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIZ correlations · UVE correlations
