ALL vs CB: Correlation
How closely do Allstate (ALL) and Chubb Limited (CB) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and CB?
Across a 3-year window, the weekly returns of ALL and CB correlate at 0.62, strong. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 243.3 %².
Within ALL's tracked universe of 32 assets, CB comes in at #7 by 3-year correlation. Neither side won the trailing year by much: +28.9% against +24.7%. On a rolling one-year basis the correlation drifted between 0.35 and 0.82, a moderate band.
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 CB: side by side
| ALL (Allstate) | CB (Chubb Limited) | |
|---|---|---|
| 1-year return | +28.9% | +24.7% |
| 5-year return | +114.7% | +96.8% |
| Volatility (ann.) | 22.1% | 17.7% |
| Beta vs S&P 500 | 0.31 | 0.17 |
| Max drawdown (3Y) | -14.1% | -14.4% |
| Market cap | $65.1B | $130.5B |
| P/E (trailing) | 5.2 | 12.2 |
| Dividend yield | 1.59% | 1.14% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | ALL | CB |
|---|---|---|
| 2022 | +18.4% | +16.0% |
| 2023 | +6.4% | +4.2% |
| 2024 | +40.6% | +23.9% |
| 2025 | +10.1% | +13.7% |
| 2026 | +25.0% | +9.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and CB good diversifiers for each other?
Only partially. A correlation of 0.62 means ALL and CB 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 CB?
As of 2026-08-27, the correlation of weekly returns between ALL and CB is 0.62 over 3 years, 0.65 over 1 year and 0.60 over 5 years.
Is CB a good diversifier for ALL?
Only partially. A correlation of 0.62 means ALL and CB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 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/all-vs-cb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/all-vs-cb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALL correlations · CB correlations
