ALL vs BRK.B: Correlation
Measured on weekly returns over the past three years, Allstate (ALL) and Berkshire Hathaway (BRK.B) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and BRK.B?
Over the past 3 years, ALL and BRK.B moved with a correlation of 0.57, which is moderate. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 201.8 %².
Within ALL's tracked universe of 32 assets, BRK.B comes in at #15 by 3-year correlation. The last year tells two different stories: ALL led by 27.3 percentage points, +28.9% for ALL against +1.6% for BRK.B. Across three years, the rolling one-year figure varied moderately, from 0.39 to 0.73.
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 BRK.B: side by side
| ALL (Allstate) | BRK.B (Berkshire Hathaway) | |
|---|---|---|
| 1-year return | +28.9% | +1.6% |
| 5-year return | +114.7% | +76.3% |
| Volatility (ann.) | 22.1% | 15.9% |
| Beta vs S&P 500 | 0.31 | 0.43 |
| Max drawdown (3Y) | -14.1% | -14.9% |
| Market cap | $65.1B | $1,078.3B |
| P/E (trailing) | 5.2 | 12.7 |
| Dividend yield | 1.59% | 0.00% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | ALL | BRK.B |
|---|---|---|
| 2022 | +18.4% | +3.3% |
| 2023 | +6.4% | +15.5% |
| 2024 | +40.6% | +27.1% |
| 2025 | +10.1% | +10.9% |
| 2026 | +25.0% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and BRK.B good diversifiers for each other?
Only partially. A correlation of 0.57 means ALL and BRK.B 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 ALL and BRK.B?
The ALL/BRK.B correlation stands at 0.57 on a 3-year window (1 year: 0.62, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is BRK.B a good diversifier for ALL?
Only partially. A correlation of 0.57 means ALL and BRK.B share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 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/all-vs-brk-b.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/all-vs-brk-b/)
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Related comparisons
Hubs: ALL correlations · BRK.B correlations
