AMSF vs EIG: Correlation
AMERISAFE, Inc. (AMSF) and Employers Holdings Inc (EIG) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMSF and EIG?
Over the past 3 years, AMSF and EIG moved with a correlation of 0.53, which is moderate. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.53). Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 295.6 %².
In AMSF's tracked universe of 12 assets, EIG sits right near the top at #1. The last year tells two different stories: EIG led by 56.2 percentage points, -39.5% for AMSF against +16.7% for EIG.
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.
AMSF vs EIG: side by side
| AMSF (AMERISAFE, Inc.) | EIG (Employers Holdings Inc) | |
|---|---|---|
| 1-year return | -39.5% | +16.7% |
| 5-year return | -29.7% | +43.2% |
| Volatility (ann.) | 24.6% | 22.8% |
| Beta vs S&P 500 | 0.22 | 0.32 |
| Max drawdown (3Y) | -50.2% | -31.3% |
| Market cap | $0.5B | $0.9B |
| P/E (trailing) | 10.5 | 62.1 |
| Dividend yield | 6.09% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMSF | EIG |
|---|---|---|
| 2022 | +6.1% | +12.6% |
| 2023 | -0.9% | -6.1% |
| 2024 | +19.6% | +33.4% |
| 2025 | -20.8% | -13.3% |
| 2026 | -30.2% | +16.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMSF and EIG good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMSF and EIG?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.41 over the last year and 0.56 over 5 years.
Is EIG a good diversifier for AMSF?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
A reading of 0.53 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/amsf-vs-eig.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amsf-vs-eig/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMSF correlations · EIG correlations
