PFG vs VOYA: Correlation
Principal Financial Group (PFG) and Voya Financial, Inc. (VOYA) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFG and VOYA?
Across a 3-year window, the weekly returns of PFG and VOYA correlate at 0.73, strong. The link has loosened recently: the 1-year correlation (0.50) runs below the 3-year figure (0.73). Stretching to 5 years gives 0.74, with an annualized covariance of 420.2 %².
Few assets follow PFG as closely as VOYA, which ranks #2 of 32 tracked partners. The trailing year gives PFG the advantage: +43.9% versus +36.7%, a 7.2-point spread.
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.
PFG vs VOYA: side by side
| PFG (Principal Financial Group) | VOYA (Voya Financial, Inc.) | |
|---|---|---|
| 1-year return | +43.9% | +36.7% |
| 5-year return | +99.7% | +72.0% |
| Volatility (ann.) | 22.9% | 25.1% |
| Beta vs S&P 500 | 0.88 | 0.90 |
| Max drawdown (3Y) | -22.4% | -34.6% |
| Market cap | $24.0B | $9.2B |
| P/E (trailing) | 16.0 | 17.1 |
| Dividend yield | 2.84% | 1.83% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | PFG | VOYA |
|---|---|---|
| 2022 | +20.1% | -6.1% |
| 2023 | -2.8% | +20.7% |
| 2024 | +1.9% | -3.4% |
| 2025 | +18.4% | +11.1% |
| 2026 | +29.3% | +38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFG and VOYA good diversifiers for each other?
To a limited degree. At 0.73 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 PFG and VOYA?
As of 2026-08-27, the correlation of weekly returns between PFG and VOYA is 0.73 over 3 years, 0.50 over 1 year and 0.74 over 5 years.
Is VOYA a good diversifier for PFG?
To a limited degree. At 0.73 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 0.73 mean?
A reading of 0.73 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/pfg-vs-voya.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pfg-vs-voya/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PFG correlations · VOYA correlations
