CB vs PG: Correlation
How closely do Chubb Limited (CB) and Procter & Gamble (PG) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CB and PG?
Over the past 3 years, CB and PG moved with a correlation of 0.43, which is moderate. The relationship has been stable: the 1-year correlation (0.39) sits close to the 3-year figure. Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 115.5 %².
By 3-year correlation, PG places #23 of the 37 assets tracked against CB. The last year tells two different stories: CB led by 30.8 percentage points, +24.7% for CB against -6.1% for PG. Across three years, the rolling one-year figure varied moderately, from 0.27 to 0.58.
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 PG: side by side
| CB (Chubb Limited) | PG (Procter & Gamble) | |
|---|---|---|
| 1-year return | +24.7% | -6.1% |
| 5-year return | +96.8% | +13.9% |
| Volatility (ann.) | 17.7% | 15.3% |
| Beta vs S&P 500 | 0.17 | 0.19 |
| Max drawdown (3Y) | -14.4% | -21.2% |
| Market cap | $130.5B | $332.7B |
| P/E (trailing) | 12.2 | 21.9 |
| Dividend yield | 1.14% | 2.94% |
| Sector / category | Financials | Consumer Staples |
Year-by-year returns
| Year | CB | PG |
|---|---|---|
| 2022 | +16.0% | -5.0% |
| 2023 | +4.2% | -0.9% |
| 2024 | +23.9% | +17.3% |
| 2025 | +13.7% | -12.3% |
| 2026 | +9.1% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CB and PG good diversifiers for each other?
Reasonably. At 0.43, CB and PG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CB and PG?
The CB/PG correlation stands at 0.43 on a 3-year window (1 year: 0.39, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is PG a good diversifier for CB?
Reasonably. At 0.43, CB and PG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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.
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Related comparisons
Hubs: CB correlations · PG correlations
