EG vs RNR: Correlation
Measured on weekly returns over the past three years, Everest Group (EG) and RenaissanceRe Holdings Ltd. (RNR) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EG and RNR?
Across a 3-year window, the weekly returns of EG and RNR correlate at 0.59, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.48 versus 0.59 over 3 years. Stretching to 5 years gives 0.66, with an annualized covariance of 277.9 %².
RNR is one of the assets that tracks EG most closely: it ranks #2 out of the 30 assets we track against EG. The last year tells two different stories: RNR led by 24.5 percentage points, +11.3% for EG against +35.8% for RNR.
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 RNR: side by side
| EG (Everest Group) | RNR (RenaissanceRe Holdings Ltd.) | |
|---|---|---|
| 1-year return | +11.3% | +35.8% |
| 5-year return | +57.2% | +120.0% |
| Volatility (ann.) | 22.2% | 21.1% |
| Beta vs S&P 500 | 0.28 | 0.09 |
| Max drawdown (3Y) | -23.8% | -23.1% |
| Market cap | $14.5B | $13.7B |
| P/E (trailing) | 8.0 | 5.7 |
| Dividend yield | 2.11% | 0.49% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | EG | RNR |
|---|---|---|
| 2022 | +23.7% | +9.9% |
| 2023 | +8.7% | +7.2% |
| 2024 | +4.6% | +27.8% |
| 2025 | -5.3% | +13.6% |
| 2026 | +12.7% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EG and RNR good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EG and RNR?
The EG/RNR correlation stands at 0.59 on a 3-year window (1 year: 0.48, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is RNR a good diversifier for EG?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
A reading of 0.59 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/eg-vs-rnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eg-vs-rnr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EG correlations · RNR correlations
