ALL vs MCY: Correlation
Measured on weekly returns over the past three years, Allstate (ALL) and Mercury General Corporation (MCY) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and MCY?
Over the past 3 years, ALL and MCY moved with a correlation of 0.52, which is moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 412.5 %².
By 3-year correlation, MCY places #17 of the 32 assets tracked against ALL. On 12-month performance MCY holds a 5.2-point edge, +28.9% against +34.1%. One caveat on sizing: MCY is 1.6 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 MCY: side by side
| ALL (Allstate) | MCY (Mercury General Corporation) | |
|---|---|---|
| 1-year return | +28.9% | +34.1% |
| 5-year return | +114.7% | +99.9% |
| Volatility (ann.) | 22.1% | 35.8% |
| Beta vs S&P 500 | 0.31 | 0.75 |
| Max drawdown (3Y) | -14.1% | -40.0% |
| Market cap | $65.1B | – |
| P/E (trailing) | 5.2 | 6.2 |
| Dividend yield | 1.59% | 1.21% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ALL | MCY |
|---|---|---|
| 2022 | +18.4% | -32.6% |
| 2023 | +6.4% | +13.6% |
| 2024 | +40.6% | +82.3% |
| 2025 | +10.1% | +44.1% |
| 2026 | +25.0% | +9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and MCY good diversifiers for each other?
Only partially. A correlation of 0.52 means ALL and MCY 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 MCY?
As of 2026-08-27, the correlation of weekly returns between ALL and MCY is 0.52 over 3 years, 0.50 over 1 year and 0.49 over 5 years.
Is MCY a good diversifier for ALL?
Only partially. A correlation of 0.52 means ALL and MCY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 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-mcy.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/all-vs-mcy/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALL correlations · MCY correlations
