CB vs TRV: Correlation
Measured on weekly returns over the past three years, Chubb Limited (CB) and Travelers Companies (The) (TRV) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CB and TRV?
Over the past 3 years, CB and TRV moved with a correlation of 0.74, which is strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.74 over 3. Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 273.7 %².
In CB's tracked universe of 37 assets, TRV sits right near the top at #2. The trailing year gives TRV the advantage: +24.7% versus +37.8%, a 13.1-point spread. The link looks structural: the rolling one-year correlation barely moved, holding between 0.66 and 0.87.
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 TRV: side by side
| CB (Chubb Limited) | TRV (Travelers Companies (The)) | |
|---|---|---|
| 1-year return | +24.7% | +37.8% |
| 5-year return | +96.8% | +155.3% |
| Volatility (ann.) | 17.7% | 20.8% |
| Beta vs S&P 500 | 0.17 | 0.36 |
| Max drawdown (3Y) | -14.4% | -12.5% |
| Market cap | $130.5B | $77.0B |
| P/E (trailing) | 12.2 | 10.0 |
| Dividend yield | 1.14% | 1.23% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | CB | TRV |
|---|---|---|
| 2022 | +16.0% | +22.4% |
| 2023 | +4.2% | +3.9% |
| 2024 | +23.9% | +28.8% |
| 2025 | +13.7% | +22.4% |
| 2026 | +9.1% | +28.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CB and TRV good diversifiers for each other?
Only partially. A correlation of 0.74 means CB and TRV 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 TRV?
The CB/TRV correlation stands at 0.74 on a 3-year window (1 year: 0.74, 5 years: 0.78), computed from weekly returns as of 2026-08-27.
Is TRV a good diversifier for CB?
Only partially. A correlation of 0.74 means CB and TRV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 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-trv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cb-vs-trv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CB correlations · TRV correlations
