AJG vs V: Correlation
How closely do Arthur J. Gallagher & Co. (AJG) and Visa Inc. (V) 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 AJG and V?
On 3 years of weekly data the AJG/V correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.55 over 1 year against 0.50 over 3. The 5-year figure is 0.51, and annualized covariance runs at 240.6 %².
Within AJG's tracked universe of 32 assets, V comes in at #15 by 3-year correlation. The last year tells two different stories: V led by 21.1 percentage points, -11.9% for AJG against +9.2% for V. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.21 to 0.71.
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.
AJG vs V: side by side
| AJG (Arthur J. Gallagher & Co.) | V (Visa Inc.) | |
|---|---|---|
| 1-year return | -11.9% | +9.2% |
| 5-year return | +91.1% | +70.5% |
| Volatility (ann.) | 25.0% | 19.1% |
| Beta vs S&P 500 | 0.36 | 0.72 |
| Max drawdown (3Y) | -44.4% | -20.4% |
| Market cap | $66.7B | $708.8B |
| P/E (trailing) | 43.1 | 32.7 |
| Dividend yield | 1.02% | 0.70% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AJG | V |
|---|---|---|
| 2022 | +12.4% | -3.4% |
| 2023 | +20.5% | +26.3% |
| 2024 | +27.3% | +22.3% |
| 2025 | -8.0% | +11.8% |
| 2026 | +1.2% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AJG and V good diversifiers for each other?
Only partially. A correlation of 0.50 means AJG and V 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 AJG and V?
The AJG/V correlation stands at 0.50 on a 3-year window (1 year: 0.55, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is V a good diversifier for AJG?
Only partially. A correlation of 0.50 means AJG and V 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?
On the −1 to +1 scale, 0.50 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.
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Related comparisons
Hubs: AJG correlations · V correlations
