EQH vs FG: Correlation
Equitable Holdings, Inc. (EQH) and F&G Annuities & Life, Inc. (FG) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQH and FG?
Across a 3-year window, the weekly returns of EQH and FG correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.51, with an annualized covariance of 600.7 %².
By 3-year correlation, FG places #11 of the 20 assets tracked against EQH. The last year tells two different stories: EQH led by 25.5 percentage points, -4.2% for EQH against -29.7% for FG. One caveat on sizing: FG is 1.5 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.
EQH vs FG: side by side
| EQH (Equitable Holdings, Inc.) | FG (F&G Annuities & Life, Inc.) | |
|---|---|---|
| 1-year return | -4.2% | -29.7% |
| 5-year return | +83.5% | n/a |
| Volatility (ann.) | 27.3% | 42.0% |
| Beta vs S&P 500 | 1.19 | 1.02 |
| Max drawdown (3Y) | -35.8% | -56.2% |
| Market cap | $13.7B | $3.1B |
| P/E (trailing) | – | 7.7 |
| Dividend yield | 2.29% | 4.27% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQH | FG |
|---|---|---|
| 2022 | -10.2% | – |
| 2023 | +19.6% | +137.1% |
| 2024 | +45.0% | -8.0% |
| 2025 | +3.2% | -23.6% |
| 2026 | +7.4% | -22.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQH and FG good diversifiers for each other?
To a limited degree. At 0.53 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 EQH and FG?
The EQH/FG correlation stands at 0.53 on a 3-year window (1 year: 0.54, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is FG a good diversifier for EQH?
To a limited degree. At 0.53 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 0.53 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/eqh-vs-fg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eqh-vs-fg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EQH correlations · FG correlations
