ARTL vs TRV: Correlation
Measured on weekly returns over the past three years, Artelo Biosciences, Inc. (ARTL) and Travelers Companies (The) (TRV) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTL and TRV?
Over the past 3 years, ARTL and TRV moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.26 lands near the 3-year figure. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -579.3 %².
Within ARTL's tracked universe of 21 assets, TRV comes in at #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TRV ahead by 135.4 points (-97.6% versus +37.8%). Note the risk asymmetry: ARTL runs 6.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ARTL vs TRV: side by side
| ARTL (Artelo Biosciences, Inc.) | TRV (Travelers Companies (The)) | |
|---|---|---|
| 1-year return | -97.6% | +37.8% |
| 5-year return | -99.7% | +155.3% |
| Volatility (ann.) | 136.9% | 20.8% |
| Beta vs S&P 500 | -0.54 | 0.36 |
| Max drawdown (3Y) | -99.2% | -12.5% |
| Market cap | – | $77.0B |
| P/E (trailing) | – | 10.0 |
| Dividend yield | 0.00% | 1.23% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ARTL | TRV |
|---|---|---|
| 2022 | -62.9% | +22.4% |
| 2023 | -51.6% | +3.9% |
| 2024 | -24.3% | +28.8% |
| 2025 | -80.8% | +22.4% |
| 2026 | -81.9% | +28.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTL and TRV good diversifiers for each other?
Yes. With a correlation of -0.20, ARTL and TRV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ARTL and TRV?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.26 over the last year and -0.11 over 5 years.
Is TRV a good diversifier for ARTL?
Yes. With a correlation of -0.20, ARTL and TRV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/artl-vs-trv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/artl-vs-trv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARTL correlations · TRV correlations
