CB vs RNR: Correlation
Measured on weekly returns over the past three years, Chubb Limited (CB) and RenaissanceRe Holdings Ltd. (RNR) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CB and RNR?
Across a 3-year window, the weekly returns of CB and RNR correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 191.2 %².
Within CB's tracked universe of 37 assets, RNR comes in at #20 by 3-year correlation. Over the last 12 months RNR came out ahead by 11.1 percentage points (+24.7% against +35.8%).
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 RNR: side by side
| CB (Chubb Limited) | RNR (RenaissanceRe Holdings Ltd.) | |
|---|---|---|
| 1-year return | +24.7% | +35.8% |
| 5-year return | +96.8% | +120.0% |
| Volatility (ann.) | 17.7% | 21.1% |
| Beta vs S&P 500 | 0.17 | 0.09 |
| Max drawdown (3Y) | -14.4% | -23.1% |
| Market cap | $130.5B | $13.7B |
| P/E (trailing) | 12.2 | 5.7 |
| Dividend yield | 1.14% | 0.49% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CB | RNR |
|---|---|---|
| 2022 | +16.0% | +9.9% |
| 2023 | +4.2% | +7.2% |
| 2024 | +23.9% | +27.8% |
| 2025 | +13.7% | +13.6% |
| 2026 | +9.1% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CB and RNR good diversifiers for each other?
Only partially. A correlation of 0.51 means CB and RNR 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 CB and RNR?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.59 over the last year and 0.43 over 5 years.
Is RNR a good diversifier for CB?
Only partially. A correlation of 0.51 means CB and RNR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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-rnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cb-vs-rnr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CB correlations · RNR correlations
