FG vs PRU: Correlation
How closely do F&G Annuities & Life, Inc. (FG) and Prudential Financial (PRU) 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 PRU?
Over the past 3 years, FG and PRU moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 481.0 %².
Among the 13 assets we track against FG, PRU ranks #5 by 3-year correlation. The last year tells two different stories: PRU led by 45.5 percentage points, -29.7% for FG against +15.8% for PRU. Risk is not evenly split, since FG carries 1.8 times the volatility of the other side.
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 PRU: side by side
| FG (F&G Annuities & Life, Inc.) | PRU (Prudential Financial) | |
|---|---|---|
| 1-year return | -29.7% | +15.8% |
| 5-year return | n/a | +45.1% |
| Volatility (ann.) | 42.0% | 23.0% |
| Beta vs S&P 500 | 1.02 | 0.79 |
| Max drawdown (3Y) | -56.2% | -25.7% |
| Market cap | $3.1B | $41.5B |
| P/E (trailing) | 7.7 | 10.9 |
| Dividend yield | 4.27% | 4.57% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FG | PRU |
|---|---|---|
| 2022 | – | -3.9% |
| 2023 | +137.1% | +10.1% |
| 2024 | -8.0% | +19.5% |
| 2025 | -23.6% | +0.2% |
| 2026 | -22.0% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FG and PRU 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 PRU?
The FG/PRU correlation stands at 0.50 on a 3-year window (1 year: 0.50, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is PRU 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?
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.
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Related comparisons
Hubs: FG correlations · PRU correlations
