AON vs PRE: Correlation
Measured on weekly returns over the past three years, Aon plc (AON) and Prenetics Global Limited - Class A (PRE) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AON and PRE?
Across a 3-year window, the weekly returns of AON and PRE correlate at -0.29, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.31 lands near the 3-year figure. Stretching to 5 years gives -0.16, with an annualized covariance of -551.7 %².
Out of 32 assets tracked against AON, PRE lands near the bottom at #32. Their recent paths diverged sharply: over the last 12 months PRE outperformed by 259.3 percentage points (-4.6% for AON against +254.7% for PRE). Risk is not evenly split, since PRE carries 4.1 times the volatility of the other side.
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.
AON vs PRE: side by side
| AON (Aon plc) | PRE (Prenetics Global Limited - Class A) | |
|---|---|---|
| 1-year return | -4.6% | +254.7% |
| 5-year return | +27.0% | -76.5% |
| Volatility (ann.) | 21.7% | 88.4% |
| Beta vs S&P 500 | 0.34 | 0.46 |
| Max drawdown (3Y) | -24.2% | -64.9% |
| Market cap | $74.2B | $0.4B |
| P/E (trailing) | 19.5 | – |
| Dividend yield | 0.86% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AON | PRE |
|---|---|---|
| 2022 | +0.6% | -74.0% |
| 2023 | -2.3% | -80.3% |
| 2024 | +24.5% | -1.9% |
| 2025 | -1.2% | +171.6% |
| 2026 | -0.5% | +66.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AON and PRE good diversifiers for each other?
Yes. With a correlation of -0.29, AON and PRE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AON and PRE?
The AON/PRE correlation stands at -0.29 on a 3-year window (1 year: -0.31, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is PRE a good diversifier for AON?
Yes. With a correlation of -0.29, AON and PRE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aon-vs-pre.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aon-vs-pre/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AON correlations · PRE correlations
