CB vs CME: Correlation
How closely do Chubb Limited (CB) and CME Group (CME) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CB and CME?
Across a 3-year window, the weekly returns of CB and CME correlate at 0.25, weak. Recent behaviour matches the longer record: 0.21 over 1 year against 0.25 over 3. Stretching to 5 years gives 0.31, with an annualized covariance of 89.6 %².
Among the 37 assets we track against CB, CME ranks #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CB outperformed by 16.6 percentage points (+24.7% for CB against +8.1% for CME). The rolling one-year correlation stayed in a tight band between 0.22 and 0.44 over the past three years, which points to a structural rather than episodic relationship.
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.
CB vs CME: side by side
| CB (Chubb Limited) | CME (CME Group) | |
|---|---|---|
| 1-year return | +24.7% | +8.1% |
| 5-year return | +96.8% | +73.9% |
| Volatility (ann.) | 17.7% | 20.0% |
| Beta vs S&P 500 | 0.17 | 0.12 |
| Max drawdown (3Y) | -14.4% | -31.1% |
| Market cap | $130.5B | $101.0B |
| P/E (trailing) | 12.2 | 23.8 |
| Dividend yield | 1.14% | 1.82% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | CB | CME |
|---|---|---|
| 2022 | +16.0% | -22.9% |
| 2023 | +4.2% | +31.3% |
| 2024 | +23.9% | +15.4% |
| 2025 | +13.7% | +19.8% |
| 2026 | +9.1% | +5.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CB and CME good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CB and CME?
The CB/CME correlation stands at 0.25 on a 3-year window (1 year: 0.21, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is CME a good diversifier for CB?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 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/cb-vs-cme.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cb-vs-cme/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CB correlations · CME correlations
