AXS vs TRV: Correlation
How closely do Axis Capital Holdings Limited (AXS) and Travelers Companies (The) (TRV) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXS and TRV?
On 3 years of weekly data the AXS/TRV correlation comes out at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. The 5-year figure is 0.55, and annualized covariance runs at 274.4 %².
By 3-year correlation, TRV places #14 of the 23 assets tracked against AXS. Their recent paths diverged sharply: over the last 12 months TRV outperformed by 36.3 percentage points (+1.5% for AXS against +37.8% for TRV).
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 TRV: side by side
| AXS (Axis Capital Holdings Limited) | TRV (Travelers Companies (The)) | |
|---|---|---|
| 1-year return | +1.5% | +37.8% |
| 5-year return | +118.2% | +155.3% |
| Volatility (ann.) | 23.0% | 20.8% |
| Beta vs S&P 500 | 0.30 | 0.36 |
| Max drawdown (3Y) | -17.4% | -12.5% |
| Market cap | $7.2B | $77.0B |
| P/E (trailing) | 7.1 | 10.0 |
| Dividend yield | 1.76% | 1.23% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AXS | TRV |
|---|---|---|
| 2022 | +2.6% | +22.4% |
| 2023 | +5.6% | +3.9% |
| 2024 | +63.9% | +28.8% |
| 2025 | +21.9% | +22.4% |
| 2026 | -6.7% | +28.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXS and TRV good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AXS and TRV?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.66 over the last year and 0.55 over 5 years.
Is TRV a good diversifier for AXS?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/axs-vs-trv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/axs-vs-trv/)
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Related comparisons
Hubs: AXS correlations · TRV correlations
