ALL vs WRB: Correlation
Measured on weekly returns over the past three years, Allstate (ALL) and W. R. Berkley Corporation (WRB) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and WRB?
On 3 years of weekly data the ALL/WRB correlation comes out at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 286.8 %².
Within ALL's tracked universe of 32 assets, WRB comes in at #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ALL ahead by 30.9 points (+28.9% versus -2.0%). Across three years, the rolling one-year figure varied moderately, from 0.35 to 0.66.
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 WRB: side by side
| ALL (Allstate) | WRB (W. R. Berkley Corporation) | |
|---|---|---|
| 1-year return | +28.9% | -2.0% |
| 5-year return | +114.7% | +130.5% |
| Volatility (ann.) | 22.1% | 22.5% |
| Beta vs S&P 500 | 0.31 | 0.19 |
| Max drawdown (3Y) | -14.1% | -17.6% |
| Market cap | $65.1B | $25.4B |
| P/E (trailing) | 5.2 | 14.1 |
| Dividend yield | 1.59% | 0.54% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | ALL | WRB |
|---|---|---|
| 2022 | +18.4% | +33.9% |
| 2023 | +6.4% | +0.2% |
| 2024 | +40.6% | +27.2% |
| 2025 | +10.1% | +23.0% |
| 2026 | +25.0% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and WRB good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALL and WRB?
As of 2026-08-27, the correlation of weekly returns between ALL and WRB is 0.58 over 3 years, 0.66 over 1 year and 0.55 over 5 years.
Is WRB a good diversifier for ALL?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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-wrb.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: ALL correlations · WRB correlations
