CB vs RMCF: Correlation
How closely do Chubb Limited (CB) and Rocky Mountain Chocolate Factory, Inc. (RMCF) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CB and RMCF?
Over the past 3 years, CB and RMCF moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -290.9 %².
Out of 37 assets tracked against CB, RMCF lands near the bottom at #35. Their recent paths diverged sharply: over the last 12 months CB outperformed by 44.6 percentage points (+24.7% for CB against -19.9% for RMCF). One caveat on sizing: RMCF is 3.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 RMCF: side by side
| CB (Chubb Limited) | RMCF (Rocky Mountain Chocolate Factory, Inc.) | |
|---|---|---|
| 1-year return | +24.7% | -19.9% |
| 5-year return | +96.8% | -84.3% |
| Volatility (ann.) | 17.7% | 68.5% |
| Beta vs S&P 500 | 0.17 | 0.77 |
| Max drawdown (3Y) | -14.4% | -87.0% |
| Market cap | $130.5B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 1.14% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CB | RMCF |
|---|---|---|
| 2022 | +16.0% | -27.4% |
| 2023 | +4.2% | -19.3% |
| 2024 | +23.9% | -47.2% |
| 2025 | +13.7% | -21.8% |
| 2026 | +9.1% | -38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CB and RMCF good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between CB and RMCF?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.27 over the last year and -0.12 over 5 years.
Is RMCF a good diversifier for CB?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 mean?
A reading of -0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cb-vs-rmcf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cb-vs-rmcf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CB correlations · RMCF correlations
