FG vs MET: Correlation
How closely do F&G Annuities & Life, Inc. (FG) 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 FG and MET?
On 3 years of weekly data the FG/MET correlation comes out at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 487.1 %².
By 3-year correlation, MET places #4 of the 13 assets tracked against FG. Their recent paths diverged sharply: over the last 12 months MET outperformed by 51.8 percentage points (-29.7% for FG against +22.1% for MET). One caveat on sizing: FG is 1.8 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.
FG vs MET: side by side
| FG (F&G Annuities & Life, Inc.) | MET (MetLife) | |
|---|---|---|
| 1-year return | -29.7% | +22.1% |
| 5-year return | n/a | +80.8% |
| Volatility (ann.) | 42.0% | 23.3% |
| Beta vs S&P 500 | 1.02 | 0.89 |
| Max drawdown (3Y) | -56.2% | -22.0% |
| Market cap | $3.1B | $61.2B |
| P/E (trailing) | 7.7 | 18.5 |
| Dividend yield | 4.27% | 2.38% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FG | MET |
|---|---|---|
| 2022 | – | +19.2% |
| 2023 | +137.1% | -5.5% |
| 2024 | -8.0% | +27.7% |
| 2025 | -23.6% | -0.8% |
| 2026 | -22.0% | +24.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FG and MET good diversifiers for each other?
To a limited degree. At 0.50 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 FG and MET?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.50 over the last year and 0.48 over 5 years.
Is MET a good diversifier for FG?
To a limited degree. At 0.50 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 0.50 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/fg-vs-met.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fg-vs-met/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FG correlations · MET correlations
