AXS vs WRB: Correlation
Measured on weekly returns over the past three years, Axis Capital Holdings Limited (AXS) and W. R. Berkley Corporation (WRB) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXS and WRB?
Over the past 3 years, AXS and WRB moved with a correlation of 0.69, which is strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.69 over 3. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 354.2 %².
Among the 23 assets we track against AXS, WRB ranks #4 by 3-year correlation. Their 12-month results are close: +1.5% for AXS against -2.0% for WRB.
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 WRB: side by side
| AXS (Axis Capital Holdings Limited) | WRB (W. R. Berkley Corporation) | |
|---|---|---|
| 1-year return | +1.5% | -2.0% |
| 5-year return | +118.2% | +130.5% |
| Volatility (ann.) | 23.0% | 22.5% |
| Beta vs S&P 500 | 0.30 | 0.19 |
| Max drawdown (3Y) | -17.4% | -17.6% |
| Market cap | $7.2B | $25.4B |
| P/E (trailing) | 7.1 | 14.1 |
| Dividend yield | 1.76% | 0.54% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AXS | WRB |
|---|---|---|
| 2022 | +2.6% | +33.9% |
| 2023 | +5.6% | +0.2% |
| 2024 | +63.9% | +27.2% |
| 2025 | +21.9% | +23.0% |
| 2026 | -6.7% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXS and WRB good diversifiers for each other?
To a limited degree. At 0.69 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 WRB?
The AXS/WRB correlation stands at 0.69 on a 3-year window (1 year: 0.67, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is WRB a good diversifier for AXS?
To a limited degree. At 0.69 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 0.69 mean?
On the −1 to +1 scale, 0.69 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
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Related comparisons
Hubs: AXS correlations · WRB correlations
