MET vs RGA: Correlation
How closely do MetLife (MET) and Reinsurance Group of America, Incorporated (RGA) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MET and RGA?
Over the past 3 years, MET and RGA moved with a correlation of 0.62, which is strong. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.62). Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 332.9 %².
Among the 37 assets we track against MET, RGA ranks #19 by 3-year correlation. On 12-month performance RGA holds a 6.9-point edge, +22.1% against +29.0%.
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.
MET vs RGA: side by side
| MET (MetLife) | RGA (Reinsurance Group of America, Incorporated) | |
|---|---|---|
| 1-year return | +22.1% | +29.0% |
| 5-year return | +80.8% | +136.6% |
| Volatility (ann.) | 23.3% | 23.0% |
| Beta vs S&P 500 | 0.89 | 0.60 |
| Max drawdown (3Y) | -22.0% | -27.1% |
| Market cap | $61.2B | $16.1B |
| P/E (trailing) | 18.5 | 10.9 |
| Dividend yield | 2.38% | 1.51% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | MET | RGA |
|---|---|---|
| 2022 | +19.2% | +33.0% |
| 2023 | -5.5% | +16.4% |
| 2024 | +27.7% | +34.4% |
| 2025 | -0.8% | -3.0% |
| 2026 | +24.5% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MET and RGA good diversifiers for each other?
Only partially. A correlation of 0.62 means MET and RGA 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 MET and RGA?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.41 over the last year and 0.61 over 5 years.
Is RGA a good diversifier for MET?
Only partially. A correlation of 0.62 means MET and RGA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 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
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Related comparisons
Hubs: MET correlations · RGA correlations
