AON vs TV: Correlation
Aon plc (AON) and Grupo Televisa S.A.B. (TV) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AON and TV?
Over the past 3 years, AON and TV moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.04) than the 3-year average (-0.17). Over 5 years the correlation is -0.01, and the annualized covariance of weekly returns is -191.7 %².
Within AON's tracked universe of 32 assets, TV comes in at #22 by 3-year correlation. On 12-month performance TV holds a 6.8-point edge, -4.6% against +2.2%. Risk is not evenly split, since TV carries 2.4 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 TV: side by side
| AON (Aon plc) | TV (Grupo Televisa S.A.B.) | |
|---|---|---|
| 1-year return | -4.6% | +2.2% |
| 5-year return | +27.0% | -72.6% |
| Volatility (ann.) | 21.7% | 52.4% |
| Beta vs S&P 500 | 0.34 | 0.69 |
| Max drawdown (3Y) | -24.2% | -59.2% |
| Market cap | $74.2B | $1.4B |
| P/E (trailing) | 19.5 | – |
| Dividend yield | 0.86% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AON | TV |
|---|---|---|
| 2022 | +0.6% | -50.9% |
| 2023 | -2.3% | -25.2% |
| 2024 | +24.5% | -40.6% |
| 2025 | -1.2% | +81.5% |
| 2026 | -0.5% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AON and TV good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AON and TV?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with 0.04 over the last year and -0.01 over 5 years.
Is TV a good diversifier for AON?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
A reading of -0.17 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/aon-vs-tv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aon-vs-tv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AON correlations · TV correlations
