ALL vs AZIO: Correlation
Allstate (ALL) and Azio AI Holdings, Inc. (AZIO) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and AZIO?
Across a 3-year window, the weekly returns of ALL and AZIO correlate at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.24 over 3 years. Stretching to 5 years gives -0.16, with an annualized covariance of -2161.4 %².
Among the 32 assets we track against ALL, AZIO sits near the bottom by co-movement, at rank #30. Their recent paths diverged sharply: over the last 12 months ALL outperformed by 72.4 percentage points (+28.9% for ALL against -43.5% for AZIO). One caveat on sizing: AZIO is 18.3 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.
ALL vs AZIO: side by side
| ALL (Allstate) | AZIO (Azio AI Holdings, Inc.) | |
|---|---|---|
| 1-year return | +28.9% | -43.5% |
| 5-year return | +114.7% | -97.5% |
| Volatility (ann.) | 22.1% | 404.0% |
| Beta vs S&P 500 | 0.31 | 1.20 |
| Max drawdown (3Y) | -14.1% | -98.8% |
| Market cap | $65.1B | – |
| P/E (trailing) | 5.2 | – |
| Dividend yield | 1.59% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ALL | AZIO |
|---|---|---|
| 2022 | +18.4% | -52.7% |
| 2023 | +6.4% | -36.2% |
| 2024 | +40.6% | -11.0% |
| 2025 | +10.1% | -97.0% |
| 2026 | +25.0% | +276.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and AZIO good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALL and AZIO?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.43 over the last year and -0.16 over 5 years.
Is AZIO a good diversifier for ALL?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
A reading of -0.24 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/all-vs-azio.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/all-vs-azio/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALL correlations · AZIO correlations
