AXS vs EG: Correlation
Measured on weekly returns over the past three years, Axis Capital Holdings Limited (AXS) and Everest Group (EG) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXS and EG?
Across a 3-year window, the weekly returns of AXS and EG correlate at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 254.1 %².
By 3-year correlation, EG places #17 of the 23 assets tracked against AXS. The trailing year gives EG the advantage: +1.5% versus +11.3%, a 9.8-point spread.
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.
AXS vs EG: side by side
| AXS (Axis Capital Holdings Limited) | EG (Everest Group) | |
|---|---|---|
| 1-year return | +1.5% | +11.3% |
| 5-year return | +118.2% | +57.2% |
| Volatility (ann.) | 23.0% | 22.2% |
| Beta vs S&P 500 | 0.30 | 0.28 |
| Max drawdown (3Y) | -17.4% | -23.8% |
| Market cap | $7.2B | $14.5B |
| P/E (trailing) | 7.1 | 8.0 |
| Dividend yield | 1.76% | 2.11% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AXS | EG |
|---|---|---|
| 2022 | +2.6% | +23.7% |
| 2023 | +5.6% | +8.7% |
| 2024 | +63.9% | +4.6% |
| 2025 | +21.9% | -5.3% |
| 2026 | -6.7% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXS and EG good diversifiers for each other?
To a limited degree. At 0.50 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 AXS and EG?
The AXS/EG correlation stands at 0.50 on a 3-year window (1 year: 0.54, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is EG a good diversifier for AXS?
To a limited degree. At 0.50 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 0.50 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/axs-vs-eg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axs-vs-eg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AXS correlations · EG correlations
