BRO vs EIG: Correlation
Brown & Brown (BRO) and Employers Holdings Inc (EIG) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRO and EIG?
On 3 years of weekly data the BRO/EIG correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 311.0 %².
Among the 35 assets we track against BRO, EIG ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EIG outperformed by 41.7 percentage points (-25.0% for BRO against +16.7% for EIG).
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.
BRO vs EIG: side by side
| BRO (Brown & Brown) | EIG (Employers Holdings Inc) | |
|---|---|---|
| 1-year return | -25.0% | +16.7% |
| 5-year return | +27.5% | +43.2% |
| Volatility (ann.) | 24.4% | 22.8% |
| Beta vs S&P 500 | 0.39 | 0.32 |
| Max drawdown (3Y) | -55.8% | -31.3% |
| Market cap | $23.9B | $0.9B |
| P/E (trailing) | 23.3 | 62.1 |
| Dividend yield | 0.89% | 2.64% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BRO | EIG |
|---|---|---|
| 2022 | -18.4% | +12.6% |
| 2023 | +25.7% | -6.1% |
| 2024 | +44.3% | +33.4% |
| 2025 | -21.4% | -13.3% |
| 2026 | -9.7% | +16.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRO and EIG good diversifiers for each other?
Only partially. A correlation of 0.56 means BRO and EIG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BRO and EIG?
The BRO/EIG correlation stands at 0.56 on a 3-year window (1 year: 0.53, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is EIG a good diversifier for BRO?
Only partially. A correlation of 0.56 means BRO and EIG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 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/bro-vs-eig.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bro-vs-eig/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRO correlations · EIG correlations
