ALL vs MCI: Correlation
Allstate (ALL) and Barings Corporate Investors (MCI) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and MCI?
Across a 3-year window, the weekly returns of ALL and MCI correlate at -0.22, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Stretching to 5 years gives -0.09, with an annualized covariance of -120.3 %².
MCI is close to the least connected end of ALL's tracked universe, ranking #28 of 32. Correlation aside, the last 12 months split them widely, with ALL ahead by 36.6 points (+28.9% versus -7.7%).
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 MCI: side by side
| ALL (Allstate) | MCI (Barings Corporate Investors) | |
|---|---|---|
| 1-year return | +28.9% | -7.7% |
| 5-year return | +114.7% | +77.0% |
| Volatility (ann.) | 22.1% | 25.3% |
| Beta vs S&P 500 | 0.31 | 0.13 |
| Max drawdown (3Y) | -14.1% | -27.9% |
| Market cap | $65.1B | $0.4B |
| P/E (trailing) | 5.2 | 13.2 |
| Dividend yield | 1.59% | 8.73% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ALL | MCI |
|---|---|---|
| 2022 | +18.4% | -5.9% |
| 2023 | +6.4% | +44.5% |
| 2024 | +40.6% | +20.8% |
| 2025 | +10.1% | -3.7% |
| 2026 | +25.0% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and MCI good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALL and MCI?
The ALL/MCI correlation stands at -0.22 on a 3-year window (1 year: -0.19, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is MCI a good diversifier for ALL?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ALL correlations · MCI correlations
