EG vs MET: Correlation
How closely do Everest Group (EG) and MetLife (MET) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EG and MET?
Across a 3-year window, the weekly returns of EG and MET correlate at 0.50, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.50 over 3. Stretching to 5 years gives 0.56, with an annualized covariance of 258.8 %².
Within EG's tracked universe of 30 assets, MET comes in at #12 by 3-year correlation. On 12-month performance MET holds a 10.8-point edge, +11.3% against +22.1%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.10 to 0.73.
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.
EG vs MET: side by side
| EG (Everest Group) | MET (MetLife) | |
|---|---|---|
| 1-year return | +11.3% | +22.1% |
| 5-year return | +57.2% | +80.8% |
| Volatility (ann.) | 22.2% | 23.3% |
| Beta vs S&P 500 | 0.28 | 0.89 |
| Max drawdown (3Y) | -23.8% | -22.0% |
| Market cap | $14.5B | $61.2B |
| P/E (trailing) | 8.0 | 18.5 |
| Dividend yield | 2.11% | 2.38% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | EG | MET |
|---|---|---|
| 2022 | +23.7% | +19.2% |
| 2023 | +8.7% | -5.5% |
| 2024 | +4.6% | +27.7% |
| 2025 | -5.3% | -0.8% |
| 2026 | +12.7% | +24.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EG and MET good diversifiers for each other?
Only partially. A correlation of 0.50 means EG and MET 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 EG and MET?
The EG/MET correlation stands at 0.50 on a 3-year window (1 year: 0.49, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is MET a good diversifier for EG?
Only partially. A correlation of 0.50 means EG and MET share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eg-vs-met.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eg-vs-met/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EG correlations · MET correlations
