BetterThanSPY

Relative Intelligence · Property & Casualty Insurance

How American International Group (AIG) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on AIG alone. It places AIG (American International Group, Inc.) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where AIG stands in the market, and of the alternatives worth a closer look.

Period covered: AIG's full trading record, from October 1986 through September 2026. All returns include reinvested dividends. Data as of October 22, 2026.

Data as of October 22, 2026. Full tables and charts read best on a larger screen.

Rank the market against AIG →Chart AIG vs. 24 alternatives →

This page answers the following questions about AIG

Key findings

Not AI-generated

These key findings are generated by our proprietary relative intelligence engine, directly from the data on this page.

How much would $10,000 in AIG have grown?

This chart tracks a hypothetical $10,000 investment in AIG over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of AIG over the same span and AIG's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 1,024 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of AIG; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$1,000$10,000$100,000199720022007201220172022$1,000$10,000$100,00019972004201120182025
  • AJG$566,042+5,560% total · +14.9% a year
  • PGR$454,424+4,444% total · +14.1% a year
  • RNR$333,219+3,232% total · +12.9% a year
  • CB$184,681+1,747% total · +10.6% a year
  • TRV$178,972+1,690% total · +10.5% a year
  • AFG$153,838+1,438% total · +9.9% a year
  • SPY (S&P 500)$132,907+1,229% total · +9.3% a year
  • ALL$108,708+987% total · +8.6% a year
  • THG$82,769+728% total · +7.6% a year
  • AIG$2,068−79.3% total · −5.3% a year
Change the dates or add tickers to this chart in EasyCompare

From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 1,522 of the 3,630 stocks and funds worth at least $500 million that traded the whole period ended ahead of AIG; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$5,000$10,000$15,000$20,000$25,000$30,000$35,000202120222023202420252026$0$10,000$20,000$30,000$40,000202120222023202420252026
  • TRV$25,788+158% total · +20.9% a year
  • PGR$25,636+156% total · +20.7% a year
  • RNR$23,680+137% total · +18.8% a year
  • CB$20,160+102% total · +15.1% a year
  • ALL$19,616+96.2% total · +14.4% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • THG$18,550+85.5% total · +13.2% a year
  • MET$17,726+77.3% total · +12.1% a year
  • AFG$15,796+58.0% total · +9.6% a year
  • AIG$15,207+52.1% total · +8.7% a year
Change the dates or add tickers to this chart in EasyCompare

AIG at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$44B
Industry
Insurance - Diversified
Price history from
October 1986

Returns

Past 1 year
+7.8%total return
Past 3 years
+50.5%+14.6% a year
Past 5 years
+55.2%+9.2% a year
Past 10 years
+77.3%+5.9% a year
Best calendar year
+92.2%2010
Worst calendar year
−97.2%2008
Losing years
10 of 29full calendar years

Risk

Volatility
25.9%typical yearly swing, 5 years
Sharpe ratio
0.47return per unit of risk, 5 years
Worst decline ever
−99.6%Dec 2000 to Mar 2009
From its all-time high
−91.9%below the peak

AIG against the whole market

Where AIG ranks among every stock and fund, and what across the market has done better.

How does AIG rank among all stocks?

This section ranks AIG on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how AIG stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureAIGRankStanding
1-year return+7.8%1,705 of 3,282bottom 49%
3-year return+50.5%1,582 of 3,016bottom 49%
5-year return+55.2%1,055 of 2,897top 36%
10-year return+77.3%1,446 of 2,201bottom 35%
Volatility, 5 years25.9%405 of 2,897top 14%
Sharpe ratio, 5 years0.471,032 of 2,897top 36%
Worst decline, past 10 years−69.6%1,275 of 2,184bottom 43%

What has beaten AIG on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). AIG sits where the dashed lines cross. Anything in the green box above and to the left earned more than AIG with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to AIG; faint dots are 83 more of the 377 in the green region (the strongest, one per fund family). 3,641 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

10.0%12.5%15.0%17.5%20.0%22.5%25.0%27.5%5.0%10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than AIGLMT: +12.5% a year, volatility 24.4%CTAS: +17.1% a year, volatility 23.1%RSG: +14.1% a year, volatility 18.6%RY: +17.5% a year, volatility 18.2%HDV: +13.3% a year, volatility 13.0%DGX: +13.0% a year, volatility 22.5%RWL: +13.7% a year, volatility 14.4%WMT: +21.1% a year, volatility 22.6%ABBV: +25.5% a year, volatility 23.4%IWX: +12.7% a year, volatility 13.8%NWE: +11.2% a year, volatility 21.6%COST: +17.4% a year, volatility 22.9%MA: +12.7% a year, volatility 23.8%PWV: +13.7% a year, volatility 14.2%CHCO: +15.1% a year, volatility 22.8%TD: +16.5% a year, volatility 20.0%SDOG: +10.9% a year, volatility 15.3%MO: +18.3% a year, volatility 21.4%IMCV: +10.6% a year, volatility 16.4%BMO: +14.0% a year, volatility 21.4%BNS: +13.2% a year, volatility 20.0%CME: +11.6% a year, volatility 20.8%CCEP: +20.4% a year, volatility 23.3%EBF: +11.5% a year, volatility 21.4%KIE: +11.1% a year, volatility 18.5%FAST: +16.2% a year, volatility 24.6%TAK: +12.3% a year, volatility 19.4%SDCI: +21.1% a year, volatility 18.4%RPRX: +13.8% a year, volatility 23.8%COWZ: +11.6% a year, volatility 17.7%EWT: +19.8% a year, volatility 24.3%JQUA: +13.5% a year, volatility 15.7%RTX: +18.7% a year, volatility 24.4%SEIC: +11.7% a year, volatility 22.4%SPYM: +12.6% a year, volatility 16.9%LIN: +11.7% a year, volatility 20.9%GLD: +17.1% a year, volatility 19.0%PDBC: +12.0% a year, volatility 19.3%SLF: +11.9% a year, volatility 19.4%VIG: +10.4% a year, volatility 14.1%IXC: +20.9% a year, volatility 23.2%VYM: +11.6% a year, volatility 13.8%SO: +12.3% a year, volatility 18.9%GD: +13.2% a year, volatility 20.8%ORLY: +15.8% a year, volatility 23.4%ETR: +19.8% a year, volatility 22.4%AEP: +12.8% a year, volatility 20.2%FBT: +10.8% a year, volatility 22.2%DSTL: +11.7% a year, volatility 16.2%LTC: +12.1% a year, volatility 21.2%IHE: +12.9% a year, volatility 16.8%ED: +12.7% a year, volatility 18.9%IUS: +14.7% a year, volatility 14.9%FVAL: +12.6% a year, volatility 16.4%ATO: +15.9% a year, volatility 18.5%VFMF: +14.5% a year, volatility 17.6%PPH: +11.6% a year, volatility 15.8%FTXH: +12.3% a year, volatility 16.9%CRAK: +19.5% a year, volatility 20.9%XLI: +11.4% a year, volatility 17.6%JVAL: +12.1% a year, volatility 17.2%IGE: +18.1% a year, volatility 22.0%EWJV: +15.1% a year, volatility 18.2%DJP: +11.4% a year, volatility 18.8%CNP: +12.0% a year, volatility 19.7%NI: +15.5% a year, volatility 20.3%DGRW: +11.7% a year, volatility 14.0%VFVA: +11.7% a year, volatility 19.9%DJD: +12.5% a year, volatility 13.3%NXTG: +16.1% a year, volatility 19.1%QVAL: +13.9% a year, volatility 21.4%VTI: +11.4% a year, volatility 17.5%PJP: +11.3% a year, volatility 16.6%PNW: +14.6% a year, volatility 19.9%IOO: +15.6% a year, volatility 17.2%FDL: +14.6% a year, volatility 14.5%ITA: +14.4% a year, volatility 20.4%TECB: +13.0% a year, volatility 23.9%JPM: +17.3% a year, volatility 24.3%NJR: +11.2% a year, volatility 20.6%LVHI: +16.9% a year, volatility 11.1%SR: +10.5% a year, volatility 21.3%WTV: +13.6% a year, volatility 17.0%AIG: +9.2% a year, volatility 25.9%SPY (S&P 500): +12.5% a year, volatility 17.2%TRV: +22.4% a year, volatility 22.3%CB: +15.8% a year, volatility 20.4%THG: +15.2% a year, volatility 22.9%PGR: +21.8% a year, volatility 25.7%ALL: +17.9% a year, volatility 26.2%AJG: +11.6% a year, volatility 24.3%IAK: +14.2% a year, volatility 18.1%KBWP: +13.6% a year, volatility 18.8%BRK-A: +13.5% a year, volatility 17.2%MFC: +23.3% a year, volatility 24.0%AFL: +19.5% a year, volatility 20.8%AIZ: +13.7% a year, volatility 25.3%JNJ: +13.5% a year, volatility 18.0%V: +13.2% a year, volatility 22.9%KO: +15.2% a year, volatility 16.8%PM: +21.3% a year, volatility 23.4%VTV: +12.2% a year, volatility 13.7%SCHD: +10.2% a year, volatility 14.4%CAH: +41.7% a year, volatility 24.7%CHT: +8.2% a year, volatility 13.3%WELL: +27.0% a year, volatility 23.8%ACGL: +20.1% a year, volatility 24.5%DXJ: +26.6% a year, volatility 19.1%WRB: +18.6% a year, volatility 22.9%AIGSPY (S&P 500)TRVCBTHGPGRALLAJGIAKBRK-AMFCAFLAIZVKOPMVTVSCHDCAHCHTWELLACGLDXJWRB10.0%15.0%20.0%25.0%30.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than AIGLMT: +12.5% a year, volatility 24.4%CTAS: +17.1% a year, volatility 23.1%RSG: +14.1% a year, volatility 18.6%RY: +17.5% a year, volatility 18.2%HDV: +13.3% a year, volatility 13.0%DGX: +13.0% a year, volatility 22.5%RWL: +13.7% a year, volatility 14.4%WMT: +21.1% a year, volatility 22.6%ABBV: +25.5% a year, volatility 23.4%IWX: +12.7% a year, volatility 13.8%NWE: +11.2% a year, volatility 21.6%COST: +17.4% a year, volatility 22.9%MA: +12.7% a year, volatility 23.8%PWV: +13.7% a year, volatility 14.2%CHCO: +15.1% a year, volatility 22.8%TD: +16.5% a year, volatility 20.0%SDOG: +10.9% a year, volatility 15.3%MO: +18.3% a year, volatility 21.4%IMCV: +10.6% a year, volatility 16.4%BMO: +14.0% a year, volatility 21.4%BNS: +13.2% a year, volatility 20.0%CME: +11.6% a year, volatility 20.8%CCEP: +20.4% a year, volatility 23.3%EBF: +11.5% a year, volatility 21.4%KIE: +11.1% a year, volatility 18.5%FAST: +16.2% a year, volatility 24.6%TAK: +12.3% a year, volatility 19.4%SDCI: +21.1% a year, volatility 18.4%RPRX: +13.8% a year, volatility 23.8%COWZ: +11.6% a year, volatility 17.7%EWT: +19.8% a year, volatility 24.3%JQUA: +13.5% a year, volatility 15.7%RTX: +18.7% a year, volatility 24.4%SEIC: +11.7% a year, volatility 22.4%SPYM: +12.6% a year, volatility 16.9%LIN: +11.7% a year, volatility 20.9%GLD: +17.1% a year, volatility 19.0%PDBC: +12.0% a year, volatility 19.3%SLF: +11.9% a year, volatility 19.4%VIG: +10.4% a year, volatility 14.1%IXC: +20.9% a year, volatility 23.2%VYM: +11.6% a year, volatility 13.8%SO: +12.3% a year, volatility 18.9%GD: +13.2% a year, volatility 20.8%ORLY: +15.8% a year, volatility 23.4%ETR: +19.8% a year, volatility 22.4%AEP: +12.8% a year, volatility 20.2%FBT: +10.8% a year, volatility 22.2%DSTL: +11.7% a year, volatility 16.2%LTC: +12.1% a year, volatility 21.2%IHE: +12.9% a year, volatility 16.8%ED: +12.7% a year, volatility 18.9%IUS: +14.7% a year, volatility 14.9%FVAL: +12.6% a year, volatility 16.4%ATO: +15.9% a year, volatility 18.5%VFMF: +14.5% a year, volatility 17.6%PPH: +11.6% a year, volatility 15.8%FTXH: +12.3% a year, volatility 16.9%CRAK: +19.5% a year, volatility 20.9%XLI: +11.4% a year, volatility 17.6%JVAL: +12.1% a year, volatility 17.2%IGE: +18.1% a year, volatility 22.0%EWJV: +15.1% a year, volatility 18.2%DJP: +11.4% a year, volatility 18.8%CNP: +12.0% a year, volatility 19.7%NI: +15.5% a year, volatility 20.3%DGRW: +11.7% a year, volatility 14.0%VFVA: +11.7% a year, volatility 19.9%DJD: +12.5% a year, volatility 13.3%NXTG: +16.1% a year, volatility 19.1%QVAL: +13.9% a year, volatility 21.4%VTI: +11.4% a year, volatility 17.5%PJP: +11.3% a year, volatility 16.6%PNW: +14.6% a year, volatility 19.9%IOO: +15.6% a year, volatility 17.2%FDL: +14.6% a year, volatility 14.5%ITA: +14.4% a year, volatility 20.4%TECB: +13.0% a year, volatility 23.9%JPM: +17.3% a year, volatility 24.3%NJR: +11.2% a year, volatility 20.6%LVHI: +16.9% a year, volatility 11.1%SR: +10.5% a year, volatility 21.3%WTV: +13.6% a year, volatility 17.0%AIG: +9.2% a year, volatility 25.9%SPY (S&P 500): +12.5% a year, volatility 17.2%TRV: +22.4% a year, volatility 22.3%CB: +15.8% a year, volatility 20.4%THG: +15.2% a year, volatility 22.9%PGR: +21.8% a year, volatility 25.7%ALL: +17.9% a year, volatility 26.2%AJG: +11.6% a year, volatility 24.3%IAK: +14.2% a year, volatility 18.1%KBWP: +13.6% a year, volatility 18.8%BRK-A: +13.5% a year, volatility 17.2%MFC: +23.3% a year, volatility 24.0%AFL: +19.5% a year, volatility 20.8%AIZ: +13.7% a year, volatility 25.3%JNJ: +13.5% a year, volatility 18.0%V: +13.2% a year, volatility 22.9%KO: +15.2% a year, volatility 16.8%PM: +21.3% a year, volatility 23.4%VTV: +12.2% a year, volatility 13.7%SCHD: +10.2% a year, volatility 14.4%CAH: +41.7% a year, volatility 24.7%CHT: +8.2% a year, volatility 13.3%WELL: +27.0% a year, volatility 23.8%ACGL: +20.1% a year, volatility 24.5%DXJ: +26.6% a year, volatility 19.1%WRB: +18.6% a year, volatility 22.9%AIGSPY (S&P 500)TRVCBTHGPGRALLAJGBRK-AMFCAFLKOVTVSCHDCAHCHTWELLDXJWRB
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than AIG?

Investments that beat AIG over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat AIG over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks AIG's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than AIG follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than AIG's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× AIG's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than AIG's.

Screen the whole market against AIG for any period in BetterThanSPYOpen these 21 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with AIG?lower diversifies moreExpenseper year
AIGAmerican International Group, Inc. · this page
+9.2%25.9%0.47−69.6%+77.3%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.5%17.2%0.78−33.7%+316%0.350.09%
Popular alternativesbest 6 shownThe investments people most often weigh against AIG. 17 of 23 passed at least one test.
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+22.4%22.3%1.02−46.3%+360%0.66—
CBChubb Limited · Property & Casualty Insurance
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+15.8%20.4%0.82−42.6%+256%0.76—
THGThe Hanover Insurance Group, Inc. · Property & Casualty Insurance
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+15.2%22.9%0.73−40.1%+309%0.45—
PGRThe Progressive Corporation · Property & Casualty Insurance
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+21.8%25.7%0.90−30.3%+849%0.34—
ALLThe Allstate Corporation · Property & Casualty Insurance
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+17.9%26.2%0.76−41.4%+377%0.44—
AJGArthur J. Gallagher & Co. · Insurance Brokers
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+11.6%24.3%0.57−44.4%+552%0.44—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Property & Casualty Insurance and Insurance and the categories next to it (Insurance Brokers, Life Insurance), plus AIG's specific themes. 30 of 71 passed at least one test.
IAKiShares U.S. Insurance ETF · Insurance
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+14.2%18.1%0.83−45.0%+247%0.730.37%
KBWPInvesco KBW Property & Casualty Insurance ETF · Property & Casualty Insurance
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+13.6%18.8%0.78−39.8%+242%0.680.35%
BRK-ABerkshire Hathaway Inc. · Insurance
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+13.5%17.2%0.83−30.4%+281%0.59—
MFCManulife Financial Corporation · Life Insurance
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+23.3%24.0%1.00−57.5%+386%0.45—
AFLAflac Incorporated · Life Insurance
Higher return, lower volatilityHigher Sharpe, smaller worst declineSmaller losses in recent crashes+19.5%20.8%0.97−54.9%+344%0.56—
AIZAssurant, Inc. · Property & Casualty Insurance
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+13.7%25.3%0.64−44.6%+322%0.30—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 1,023 of 3,558 passed at least one test.
JNJJohnson & Johnson · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+13.5%18.0%0.80−27.4%+209%0.26—
VVisa Inc. · Payment Processing
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+13.2%22.9%0.66−36.4%+435%0.56—
KOThe Coca-Cola Company · Nonalcoholic Beverages
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+15.2%16.8%0.93−37.0%+205%0.35—
PMPhilip Morris International Inc. · Tobacco
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+21.3%23.4%0.94−42.9%+240%0.45—
VTVVanguard Morningstar Value ETF · US Large-Cap Value
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+12.2%13.7%0.91−36.8%+237%0.580.03%
SCHDSchwab U.S. Dividend Equity ETF · US Dividend Equity
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+10.2%14.4%0.75−33.4%+256%0.540.06%
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+41.7%24.7%1.54−46.1%+345%0.33—
CHTChunghwa Telecom Co., Ltd. · Integrated Telecommunications
Similar return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+8.2%13.3%0.66−23.8%+104%0.11—
What these numbers mean for AIG
Annual return
AIG returned 9.2% a year over the past 5 years with dividends reinvested, against 12.5% a year for the S&P 500. At that pace, $10,000 became about $15,500. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
AIG's volatility over the past 5 years was 25.9%, 1.5 times the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, AIG's return lands within 25.9% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
AIG's Sharpe ratio over the past 5 years was 0.47, against 0.78 for the S&P 500, so AIG earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
AIG's worst fall from a peak to a low over the past 10 years was 69.6%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 69.6% fall takes a 229% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, AIG's monthly returns had a correlation of 0.35 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against AIG instead: the lower it is, the more that option would diversify a AIG holding. Guide: Correlation and diversification →
Show all 377 stocks and funds worth at least $500 million that earned more than AIG with less volatility

Out of 3,641 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with AIGExpense
1
JNJJohnson & Johnson · Pharmaceuticals
Whole market+13.5%18.0%0.80−27.4%+209%0.26—
2
VVisa Inc. · Payment Processing
Whole market+13.2%22.9%0.66−36.4%+435%0.56—
3
KOThe Coca-Cola Company · Nonalcoholic Beverages
Whole market+15.2%16.8%0.93−37.0%+205%0.35—
4
PMPhilip Morris International Inc. · Tobacco
Whole market+21.3%23.4%0.94−42.9%+240%0.45—
5
VTVVanguard Morningstar Value ETF · US Large-Cap Value
Whole market+12.2%13.7%0.91−36.8%+237%0.580.03%
6
SCHDSchwab U.S. Dividend Equity ETF · US Dividend Equity
Whole market+10.2%14.4%0.75−33.4%+256%0.540.06%
7
LMTLockheed Martin Corporation · Aerospace & Defense
Whole market+12.5%24.4%0.61−36.7%+226%0.22—
8
CTASCintas Corporation · Business Services
Whole market+17.1%23.1%0.80−48.4%+834%0.40—
9
RSGRepublic Services, Inc. · Waste Management
Whole market+14.1%18.6%0.80−34.0%+461%0.24—
10
RYRoyal Bank of Canada · Banks
Whole market+17.5%18.2%0.98−40.0%+361%0.44—
11
WELLWelltower Inc. · Healthcare REITs
Whole market+27.0%23.8%1.13−63.3%+378%0.25—
12
HDViShares Core High Dividend ETF · High Dividend Yield
Whole market+13.3%13.0%1.03−37.0%+177%0.540.08%
13
DGXQuest Diagnostics Incorporated · Medical Diagnostics
Whole market+13.0%22.5%0.66−36.6%+256%0.28—
14
RWLInvesco S&P 500 Revenue ETF · US Large-Cap Equity
Whole market+13.7%14.4%0.97−36.1%+287%0.530.39%
15
WMTWalmart Inc. · Discount Retail
Whole market+21.1%22.6%0.97−25.7%+521%0.14—
16
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Popular alternative+22.4%22.3%1.02−46.3%+360%0.66—
17
CBChubb Limited · Property & Casualty Insurance
Popular alternative+15.8%20.4%0.82−42.6%+256%0.76—
18
ABBVAbbVie Inc. · Specialty Pharmaceuticals
Whole market+25.5%23.4%1.09−45.1%+600%0.35—
19
IWXiShares Russell Top 200 Value ETF · US Large-Cap Value
Whole market+12.7%13.8%0.94−35.8%+223%0.550.20%
20
NWENorthwestern Energy Group Inc · Electric Utilities
Whole market+11.2%21.6%0.60−39.3%+107%0.21—
21
COSTCostco Wholesale Corporation · Discount Retail
Whole market+17.4%22.9%0.82−31.4%+692%0.18—
22
MAMastercard Incorporated · Payment Processing
Whole market+12.7%23.8%0.62−41.0%+551%0.51—
23
PWVInvesco Large Cap Value ETF · US Large-Cap Value
Whole market+13.7%14.2%0.98−37.6%+226%0.640.55%
24
THGThe Hanover Insurance Group, Inc. · Property & Casualty Insurance
Popular alternative+15.2%22.9%0.73−40.1%+309%0.45—
25
CHCOCity Holding Company · Regional Banks
Whole market+15.1%22.8%0.73−32.3%+272%0.38—
26
TDThe Toronto-Dominion Bank · Banks
Whole market+16.5%20.0%0.87−42.0%+319%0.48—
27
SDOGALPS Sector Dividend Dogs ETF · US Dividend Equity
Whole market+10.9%15.3%0.76−43.6%+164%0.580.36%
28
MOAltria Group, Inc. · Tobacco
Whole market+18.3%21.4%0.90−53.7%+133%0.43—
29
IMCViShares Morningstar Mid-Cap Value ETF · Mid-Cap Value
Whole market+10.6%16.4%0.70−46.4%+182%0.590.06%
30
BMOBank of Montreal · Banks
Whole market+14.0%21.4%0.72−51.0%+304%0.42—
31
BNSThe Bank of Nova Scotia · Banks
Whole market+13.2%20.0%0.73−46.9%+191%0.36—
32
CMECME Group Inc. · Capital Markets
Whole market+11.6%20.8%0.63−37.4%+334%0.12—
33
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Whole market+20.4%23.3%0.92−48.8%+294%0.30—
34
EBFEnnis, Inc. · Business Services
Whole market+11.5%21.4%0.62−35.4%+167%0.22—
35
KIEState Street SPDR S&P Insurance ETF · Financial Sector Equity
Whole market+11.1%18.5%0.67−44.3%+211%0.690.35%
36
FASTFastenal Company · Industrial Distribution
Whole market+16.2%24.6%0.74−30.7%+582%0.25—
37
TAKTakeda Pharmaceutical Company Limited · Specialty Pharmaceuticals
Whole market+12.3%19.4%0.70−54.4%+33.3%0.17—
38
SDCIUSCF SummerHaven Dynamic Commodity Strategy No K-1 Fund · Broad Commodities
Whole market+21.1%18.4%1.14−45.7%—0.220.80%
39
BRK-ABerkshire Hathaway Inc. · Insurance
Same or nearby category+13.5%17.2%0.83−30.4%+281%0.59—
40
RPRXRoyalty Pharma plc · Pharmaceuticals
Whole market+13.8%23.8%0.67−49.7%—0.05—
41
COWZPacer US Cash Cows 100 ETF · US Large-Cap Value
Whole market+11.6%17.7%0.71−38.7%—0.560.49%
42
EWTiShares MSCI Taiwan ETF · International Equity
Whole market+19.8%24.3%0.87−38.9%+448%0.140.59%
43
MFCManulife Financial Corporation · Life Insurance
Same or nearby category+23.3%24.0%1.00−57.5%+386%0.45—
44
JQUAJPMorgan U.S. Quality Factor ETF · US Quality Equity
Whole market+13.5%15.7%0.89−32.9%—0.390.12%
45
RTXRTX Corporation · Aerospace & Defense
Whole market+18.7%24.4%0.83−52.0%+319%0.38—
46
SEICSEI Investments Company · Asset Management
Whole market+11.7%22.4%0.61−51.8%+156%0.42—
47
SPYMState Street SPDR Portfolio S&P 500 ETF · US Large-Cap Equity
Whole market+12.6%16.9%0.79−33.9%+320%0.350.02%
48
LINLinde plc · Chemicals
Whole market+11.7%20.9%0.64−32.6%+404%0.44—
49
GLDSPDR Gold Shares · Gold
Whole market+17.1%19.0%0.93−26.4%+206%0.050.40%
50
PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF · Broad Commodities
Whole market+12.0%19.3%0.69−40.7%+152%0.180.74%
51
SLFSun Life Financial Inc. · Life Insurance
Same or nearby category+11.9%19.4%0.68−50.8%+260%0.48—
52
VIGVanguard Dividend Appreciation ETF · Dividend Growth
Whole market+10.4%14.1%0.77−31.7%+258%0.480.04%
53
IXCiShares Global Energy ETF · Energy Equity
Whole market+20.9%23.2%0.94−64.2%+183%0.460.37%
54
VYMVanguard High Dividend Yield ETF · High Dividend Yield
Whole market+11.6%13.8%0.87−35.2%+209%0.560.04%
55
SOThe Southern Company · Electric Utilities
Whole market+12.3%18.9%0.71−38.4%+178%0.20—
56
AJGArthur J. Gallagher & Co. · Insurance Brokers
Popular alternative+11.6%24.3%0.57−44.4%+552%0.44—
57
GDGeneral Dynamics Corporation · Aerospace & Defense
Whole market+13.2%20.8%0.70−51.6%+188%0.44—
58
ORLYO'Reilly Automotive, Inc. · Specialty Retail
Whole market+15.8%23.4%0.75−42.0%+394%0.16—
59
ETREntergy Corporation · Electric Utilities
Whole market+19.8%22.4%0.92−42.0%+326%0.26—
60
AEPAmerican Electric Power Company, Inc. · Electric Utilities
Whole market+12.8%20.2%0.70−32.9%+192%0.31—
61
FBTFirst Trust NYSE Arca Biotechnology Index Fund · Biotechnology
Whole market+10.8%22.2%0.58−33.3%+205%0.180.55%
62
DSTLDistillate U.S. Fundamental Stability & Value ETF · US Large-Cap Value
Whole market+11.7%16.2%0.77−33.1%—0.500.39%
63
LTCLTC Properties, Inc. · Healthcare REITs
Whole market+12.1%21.2%0.65−51.4%+52.9%0.25—
64
IHEiShares U.S. Pharmaceuticals ETF · Pharmaceuticals
Whole market+12.9%16.8%0.81−29.6%+157%0.330.37%
65
EDConsolidated Edison, Inc. · Electric Utilities
Whole market+12.7%18.9%0.73−30.9%+123%0.23—
66
IUSInvesco RAFI Strategic US ETF · US Total Market
Whole market+14.7%14.9%1.00−34.7%—0.460.19%
67
FVALFidelity Value Factor ETF · US Large-Cap Value
Whole market+12.6%16.4%0.81−37.3%+290%0.460.15%
68
ATOAtmos Energy Corporation · Gas Utilities
Whole market+15.9%18.5%0.90−32.9%+207%0.42—
69
VFMFVanguard U.S. Multifactor ETF · US Multifactor Equity
Whole market+14.5%17.6%0.86−41.3%—0.550.18%
70
PPHVanEck Pharmaceutical ETF · Pharmaceuticals
Whole market+11.6%15.8%0.78−29.7%+158%0.460.36%
71
FTXHFirst Trust Nasdaq Pharmaceuticals ETF · Pharmaceuticals
Whole market+12.3%16.9%0.77−32.1%+155%0.360.60%
72
CRAKVanEck Oil Refiners ETF · Oil Refining
Whole market+19.5%20.9%0.96−58.8%+325%0.340.61%
73
XLIState Street Industrial Select Sector SPDR ETF · US Industrials
Whole market+11.4%17.6%0.70−42.3%+246%0.480.08%
74
JVALJPMorgan U.S. Value Factor ETF · US Large-Cap Value
Whole market+12.1%17.2%0.76−40.4%—0.450.12%
75
IGEiShares North American Natural Resources ETF · Natural Resources Equity
Whole market+18.1%22.0%0.87−60.6%+158%0.510.37%
76
EWJViShares MSCI Japan Value ETF · Japan Equity
Whole market+15.1%18.2%0.87−30.1%—0.430.15%
77
DJPiPath Bloomberg Commodity Index Total Return(SM) ETN · Broad Commodities
Whole market+11.4%18.8%0.67−38.4%+118%0.160.70%
78
CNPCenterPoint Energy, Inc. · Electric Utilities
Whole market+12.0%19.7%0.68−59.8%+149%0.17—
79
NINiSource Inc · Gas Utilities
Whole market+15.5%20.3%0.81−30.9%+166%0.31—
80
DGRWWisdomTree U.S. Quality Dividend Growth Fund · US Dividend Equity
Whole market+11.7%14.0%0.87−32.0%+271%0.460.28%
81
VFVAVanguard U.S. Value Factor ETF · US Value Equity
Whole market+11.7%19.9%0.66−48.6%—0.600.13%
82
DJDInvesco Dow Jones Industrial Average Dividend ETF · High Dividend Yield
Whole market+12.5%13.3%0.95−34.7%+233%0.550.07%
83
NXTGFirst Trust Indxx NextG ETF · Technology Equity
Whole market+16.1%19.1%0.88−33.6%+323%0.190.70%
84
QVALAlpha Architect U.S. Quantitative Value ETF · US Value Equity
Whole market+13.9%21.4%0.72−51.5%+229%0.510.28%
85
VTIVanguard Morningstar Total Stock Market ETF · US Total Market
Whole market+11.4%17.5%0.71−35.0%+298%0.360.03%
86
PJPInvesco Pharmaceuticals ETF · Pharmaceuticals
Whole market+11.3%16.6%0.73−34.0%+139%0.330.58%
87
PNWPinnacle West Capital Corporation · Electric Utilities
Whole market+14.6%19.9%0.79−39.3%+110%0.30—
88
IOOiShares Global 100 ETF · Global Equity
Whole market+15.6%17.2%0.94−31.4%+357%0.300.40%
89
FDLFirst Trust Morningstar Dividend Leaders Index Fund · High Dividend Yield
Whole market+14.6%14.5%1.02−41.4%+207%0.580.43%
90
ITAiShares U.S. Aerospace & Defense ETF · Aerospace & Defense
Whole market+14.4%20.4%0.77−51.0%+253%0.450.37%
91
AFLAflac Incorporated · Life Insurance
Same or nearby category+19.5%20.8%0.97−54.9%+344%0.56—
92
TECBiShares U.S. Tech Breakthrough Multisector ETF · Thematic Equity
Whole market+13.0%23.9%0.63−41.6%—0.130.30%
93
JPMJPMorgan Chase & Co. · Banks
Whole market+17.3%24.3%0.78−43.6%+534%0.60—
94
NJRNew Jersey Resources Corporation · Gas Utilities
Whole market+11.2%20.6%0.62−50.7%+126%0.33—
95
ACGLArch Capital Group Ltd. · Property & Casualty Insurance
Popular alternative+20.1%24.5%0.87−53.8%+316%0.46—
96
DXJWisdomTree Japan Hedged Equity Fund · Japan Equity
Whole market+26.6%19.1%1.34−39.1%+415%0.340.48%
97
WRBW. R. Berkley Corporation · Property & Casualty Insurance
Popular alternative+18.6%22.9%0.86−45.3%+466%0.50—
98
LVHIFranklin International Low Volatility High Dividend Index ETF · International Dividend Equity
Whole market+16.9%11.1%1.48−32.4%+194%0.540.40%
99
SRSpire Inc. · Gas Utilities
Whole market+10.5%21.3%0.58−39.5%+105%0.38—
100
WTVWisdomTree U.S. Value Fund · US Value Equity
Whole market+13.6%17.0%0.84−42.2%+306%0.550.12%

AIG against its popular alternatives

The investments people most often weigh against AIG, compared period by period and year by year.

How do AIG's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at AIG, which divides the map into what did better or worse on each measure.

Green points earned more than AIG with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

16.0%18.0%20.0%22.0%24.0%26.0%28.0%−5.0%0.0%5.0%10.0%15.0%20.0%25.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityAIG: 9.2% a year, volatility 25.9%SPY (S&P 500): 12.5% a year, volatility 17.2%PGR: 21.8% a year, volatility 25.7%TRV: 22.4% a year, volatility 22.3%AFG: 9.9% a year, volatility 22.7%THG: 15.2% a year, volatility 22.9%MET: 12.8% a year, volatility 25.4%CB: 15.8% a year, volatility 20.4%AJG: 11.6% a year, volatility 24.3%EG: 10.1% a year, volatility 25.7%WRB: 18.6% a year, volatility 22.9%HIG: 15.8% a year, volatility 22.0%CINF: 10.6% a year, volatility 25.7%CNA: 9.7% a year, volatility 21.6%WTM: 15.4% a year, volatility 23.6%AXS: 17.8% a year, volatility 25.3%ORI: 17.3% a year, volatility 22.2%ACGL: 20.1% a year, volatility 24.5%RLI: 9.2% a year, volatility 24.0%SIGI: 4.8% a year, volatility 27.4%BRO: 3.0% a year, volatility 26.1%RNR: 20.6% a year, volatility 27.9%ALL: 17.9% a year, volatility 26.2%AON: −0.1% a year, volatility 23.9%MKL: 7.6% a year, volatility 22.4%AIGSPY (S&P 500)PGRTRVAFGTHGMETCBAJGEGWRBHIGCINFCNAWTMAXSORIACGLRLISIGIBRORNRALLAONMKL15.0%17.5%20.0%22.5%25.0%27.5%30.0%−5.0%0.0%5.0%10.0%15.0%20.0%25.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityAIG: 9.2% a year, volatility 25.9%SPY (S&P 500): 12.5% a year, volatility 17.2%PGR: 21.8% a year, volatility 25.7%TRV: 22.4% a year, volatility 22.3%AFG: 9.9% a year, volatility 22.7%THG: 15.2% a year, volatility 22.9%MET: 12.8% a year, volatility 25.4%CB: 15.8% a year, volatility 20.4%AJG: 11.6% a year, volatility 24.3%EG: 10.1% a year, volatility 25.7%WRB: 18.6% a year, volatility 22.9%HIG: 15.8% a year, volatility 22.0%CINF: 10.6% a year, volatility 25.7%CNA: 9.7% a year, volatility 21.6%WTM: 15.4% a year, volatility 23.6%AXS: 17.8% a year, volatility 25.3%ORI: 17.3% a year, volatility 22.2%ACGL: 20.1% a year, volatility 24.5%RLI: 9.2% a year, volatility 24.0%SIGI: 4.8% a year, volatility 27.4%BRO: 3.0% a year, volatility 26.1%RNR: 20.6% a year, volatility 27.9%ALL: 17.9% a year, volatility 26.2%AON: −0.1% a year, volatility 23.9%MKL: 7.6% a year, volatility 22.4%AIGSPY (S&P 500)PGRTRVAFGTHGMETCBAJGEGWRBCINFCNAWTMAXSORIACGLSIGIBRORNRAONMKL
All figures
InvestmentAnnual returnVolatility
TRV The Travelers Companies, Inc.+22.4%22.3%
PGR The Progressive Corporation+21.8%25.7%
RNR RenaissanceRe Holdings Ltd.+20.6%27.9%
ACGL Arch Capital Group Ltd.+20.1%24.5%
WRB W. R. Berkley Corporation+18.6%22.9%
ALL The Allstate Corporation+17.9%26.2%
AXS AXIS Capital Holdings Limited+17.8%25.3%
ORI Old Republic International Corporation+17.3%22.2%
CB Chubb Limited+15.8%20.4%
HIG The Hartford Insurance Group, Inc.+15.8%22.0%
WTM White Mountains Insurance Group, Ltd.+15.4%23.6%
THG The Hanover Insurance Group, Inc.+15.2%22.9%
MET MetLife, Inc.+12.8%25.4%
SPY S&P 500State Street SPDR S&P 500 ETF+12.5%17.2%
AJG Arthur J. Gallagher & Co.+11.6%24.3%
CINF Cincinnati Financial Corporation+10.6%25.7%
EG Everest Group, Ltd.+10.1%25.7%
AFG American Financial Group, Inc.+9.9%22.7%
CNA CNA Financial Corporation+9.7%21.6%
RLI RLI Corp.+9.2%24.0%
AIG This pageAmerican International Group, Inc.+9.2%25.9%
MKL Markel Corporation+7.6%22.4%
SIGI Selective Insurance Group, Inc.+4.8%27.4%
BRO Brown & Brown, Inc.+3.0%26.1%
AON Aon plc−0.1%23.9%
Open these 25 in EasyCompare

Has AIG consistently beaten its popular alternatives?

This section compares AIG with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than AIG helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than AIG over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
AIG American International Group, Inc. (this page)—+10.4%+6.8%+10.7%+0.4%+7.8%+50.5%+55.2%+77.3%25.9%0.47−69.6%—$44B—
PGR QualifiedThe Progressive Corporation5/5 short3/3 longAll-weather+11.0%+12.3%+13.4%+8.4%+9.8%+63.6%+168%+849%25.7%0.90−30.3%—$133B—
TRV QualifiedThe Travelers Companies, Inc.5/5 short3/3 longAll-weather+12.0%+9.3%+35.4%+43.8%+53.3%+168%+175%+360%22.3%1.02−46.3%—$85B—
RNR QualifiedRenaissanceRe Holdings Ltd.5/5 short3/3 longAll-weather+11.3%+13.6%+16.9%+33.7%+50.3%+72.1%+155%+222%27.9%0.81−40.7%—$15B—
ALL QualifiedThe Allstate Corporation4/5 short3/3 longAll-weather+12.9%+3.3%+22.1%+29.0%+35.6%+126%+128%+377%26.2%0.76−41.4%—$66B—
AFG QualifiedAmerican Financial Group, Inc.4/5 short3/3 longAll-weather+10.0%+10.0%+19.4%+18.3%+22.1%+73.0%+60.5%+332%22.7%0.53−59.0%—$13B—
THG QualifiedThe Hanover Insurance Group, Inc.4/5 short3/3 longAll-weather+9.7%+13.0%+35.2%+35.8%+39.4%+121%+103%+309%22.9%0.73−40.1%—$8.3B—
MET QualifiedMetLife, Inc.4/5 short3/3 longAll-weather+8.0%+11.7%+36.4%+31.7%+35.6%+93.6%+82.7%+248%25.4%0.60−55.2%—$66B—
CB QualifiedChubb Limited3/5 short3/3 long+8.4%+6.4%+12.5%+18.4%+33.2%+83.3%+108%+256%20.4%0.82−42.6%—$140B—
AJG QualifiedArthur J. Gallagher & Co.4/5 short2/3 long+17.6%+12.0%+23.3%+6.8%−3.1%+22.5%+72.8%+552%24.3%0.57−44.4%—$69B—
EG QualifiedEverest Group, Ltd.4/5 short2/3 long+9.9%+9.8%+19.5%+24.0%+19.8%+11.9%+61.7%+162%25.7%0.51−44.2%—$16B—
WRB Insurance - Property & CasualtyW. R. Berkley Corporation2/5 short3/3 long+10.8%+4.6%+13.1%+10.2%+3.5%+94.6%+134%+466%22.9%0.86−45.3%—$28B—
HIG Insurance - DiversifiedThe Hartford Insurance Group, Inc.2/5 short3/3 long+8.3%−0.5%+1.9%+3.1%+13.7%+112%+108%+302%22.0%0.78−57.6%—$38B—
CINF Insurance - Property & CasualtyCincinnati Financial Corporation2/5 short3/3 long+8.1%0.0%+8.4%+12.3%+17.2%+95.2%+65.2%+218%25.7%0.52−58.1%—$27B—
CNA Insurance - Property & CasualtyCNA Financial Corporation2/5 short3/3 long+4.0%−3.8%+4.9%+13.2%+17.9%+60.4%+58.6%+191%21.6%0.54−45.9%—$13B—
WTM Insurance - DiversifiedWhite Mountains Insurance Group, Ltd.2/5 short3/3 long+9.4%+3.0%−1.0%+10.1%+18.2%+57.1%+105%+174%23.6%0.73−40.2%—$5.4B—
AXS Insurance - DiversifiedAXIS Capital Holdings Limited2/5 short3/3 long+8.8%−7.8%+5.3%+1.4%+15.4%+98.4%+127%+149%25.3%0.78−49.3%—$7.6B—
ORI Insurance - Property & CasualtyOld Republic International Corporation0/5 short3/3 long+3.4%−3.0%−3.2%−5.2%+4.0%+85.5%+122%+353%22.2%0.83−47.8%—$9.7B—
ACGL Insurance - DiversifiedArch Capital Group Ltd.2/5 short2/3 long+8.2%+4.1%+6.1%+9.4%+16.9%+31.9%+150%+316%24.5%0.87−53.8%—$35B—
RLI Insurance - Property & CasualtyRLI Corp.5/5 short1/3 long+15.3%+13.9%+22.9%+12.6%+18.4%+18.9%+55.3%+238%24.0%0.49−43.5%—$6.1B—
CRBG Asset ManagementCorebridge Financial, Inc.4/5 short1/3 long+5.2%+13.2%+35.8%+20.4%+15.1%+104%————−36.3%—$16B—
SIGI Insurance - Property & CasualtySelective Insurance Group, Inc.3/5 short1/3 long+4.6%−4.1%+19.3%+11.4%+15.3%−5.8%+26.3%+162%27.4%0.31−48.4%—$5.5B—
BRO Insurance - BrokersBrown & Brown, Inc.2/5 short1/3 long+19.3%+14.2%+10.3%−3.3%−15.7%+14.0%+16.1%+344%26.1%0.25−55.8%—$25B—
AON Insurance - BrokersAon plc0/5 short1/3 long+7.2%−12.7%−5.7%−10.3%−9.7%+0.4%−0.4%+205%23.9%0.12−38.7%—$65B—
MKL Insurance - Property & CasualtyMarkel Corporation0/5 short1/3 long+8.1%−2.0%−2.0%−10.6%+1.0%+32.7%+44.2%+115%22.4%0.44−44.7%—$24B—
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How did AIG do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where AIG ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with AIG and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of AIG; gray means the two finished within a fraction of a point. The rank row places AIG among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of AIG20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000199919981997
AIG This pageAmerican International Group, Inc.—+20.0%+9.8%+9.8%+13.8%+53.9%−23.1%+33.6%−32.1%−6.9%+7.8%+12.1%+10.7%+45.2%+52.1%−43.6%+92.2%−4.6%−97.2%−17.6%+6.2%+5.0%−0.5%+15.1%−26.9%−19.3%+37.0%+40.2%+33.7%+51.2%
Rank among alternativesTop quarter in 5 of 298 of 2523 of 258 of 2511 of 242 of 2424 of 249 of 2424 of 2422 of 2421 of 2413 of 2410 of 249 of 241 of 2424 of 241 of 2416 of 2424 of 2421 of 2417 of 2420 of 2421 of 2419 of 2321 of 2320 of 2314 of 222 of 222 of 227 of 22
SPY S&P 500State Street SPDR S&P 500 ETF16 of 29+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%+20.4%+28.7%+33.5%
PGR The Progressive Corporation20 of 29−3.0%+51.4%+23.2%+26.8%+10.8%+41.5%+25.1%+9.4%+61.6%+14.9%+21.1%+5.3%+30.9%+15.5%+0.2%+17.2%+21.5%−22.1%−13.2%−16.9%+37.8%+1.7%+68.5%0.0%+44.3%+42.2%−56.6%+41.6%+78.3%
TRV The Travelers Companies, Inc.18 of 29+22.4%+28.8%+3.9%+22.4%+14.0%+5.3%+17.0%−9.7%+13.4%+11.0%+9.1%+19.6%+29.1%+24.8%+9.3%+14.8%+13.5%−13.8%+2.4%+22.9%+23.2%−3.6%+20.3%−20.1%−16.9%+65.7%0.0%−12.9%+43.6%
RNR RenaissanceRe Holdings Ltd.16 of 29+13.7%+27.8%+7.2%+9.9%+3.1%−14.7%+47.8%+7.5%−6.9%+21.6%+17.8%+1.0%+21.3%+10.8%+18.6%+21.9%+5.1%−12.8%+2.0%+38.3%−13.8%+7.7%+25.7%+26.4%+24.4%+97.8%+16.2%−14.7%+36.9%
ALL The Allstate Corporation17 of 29+10.1%+40.6%+6.4%+18.4%+9.9%−0.1%+38.8%−19.5%+43.6%+21.7%−9.9%+31.2%+38.6%+50.2%−11.4%+9.1%−5.1%−34.5%−17.6%+23.4%+6.9%+23.1%+19.4%+12.3%−21.0%+85.6%−36.4%−13.8%+58.5%
AFG American Financial Group, Inc.17 of 29+5.4%+23.8%−7.6%+10.9%+93.8%−16.2%+27.1%−13.0%+29.2%+25.8%+22.2%+8.7%+51.2%+9.9%+16.5%+32.2%+11.7%−19.1%−18.6%+42.4%+24.4%+20.2%+17.4%−4.1%−3.8%+5.0%−38.0%+11.6%+9.5%
THG The Hanover Insurance Group, Inc.17 of 29+20.7%+30.6%−7.6%+5.4%+14.5%−12.3%+26.7%+10.1%+21.4%+14.4%+16.6%+22.4%+58.3%+14.4%−23.0%+7.6%+5.2%−5.0%−5.2%+17.5%+28.1%+6.7%+205%−77.3%−38.1%+30.8%−3.4%+16.3%+49.8%
MET MetLife, Inc.17 of 25−0.8%+27.7%−5.5%+19.2%+37.5%−3.4%+28.8%−15.8%+8.4%+15.9%−8.3%+3.0%+67.5%+7.9%−28.3%+27.9%+3.7%−42.2%+5.6%+21.7%+22.2%+21.8%+25.4%−13.9%−8.8%————
CB Chubb Limited19 of 29+14.5%+23.9%+4.2%+16.0%+27.9%+1.4%+22.9%−9.6%+12.8%+15.6%+5.3%+14.4%+31.9%+17.6%+14.5%+26.4%−1.8%−13.0%+3.8%+15.4%+27.5%+5.3%+44.3%−25.4%−3.7%+159%−50.6%+7.8%+62.3%
AJG Arthur J. Gallagher & Co.14 of 29−8.0%+27.4%+20.5%+12.4%+39.0%+32.1%+31.8%+19.2%+25.1%+31.1%−10.1%+3.5%+40.0%+7.6%+20.3%+35.6%−7.8%+12.7%−14.3%−0.1%−1.2%+3.3%+13.4%−13.1%+10.4%+100%+51.8%+32.5%+15.3%
EG Everest Group, Ltd.16 of 29−4.1%+4.6%+8.7%+23.7%+19.8%−13.0%+30.2%+0.7%+3.9%+21.1%+9.9%+11.4%+44.0%+33.3%+1.4%+1.4%+15.5%−22.3%+4.3%−1.6%+12.6%+6.4%+53.8%−21.4%−0.8%+223%−42.2%−5.1%+44.2%
WRB W. R. Berkley Corporation19 of 29+23.0%+27.9%+0.3%+33.9%+27.4%−3.1%+43.8%+5.7%+9.9%+23.7%+7.8%+21.8%+16.1%+13.6%+27.1%+12.3%−19.9%+5.2%−13.1%+9.2%+52.6%+36.1%+33.2%+10.8%+15.2%+131%−37.4%−21.1%+32.0%
HIG The Hartford Insurance Group, Inc.19 of 29+28.1%+38.5%+8.6%+12.3%+44.3%−17.0%+39.8%−19.2%+20.3%+11.8%+6.1%+17.1%+64.1%+40.9%−37.5%+14.8%+43.8%−79.8%−4.6%+10.8%+25.8%+19.5%+33.0%−26.3%−9.6%+51.9%−12.1%+19.3%+41.5%
CINF Cincinnati Financial Corporation16 of 29+16.3%+42.5%+4.0%−7.9%+33.3%−14.1%+38.9%+6.3%+1.0%+31.5%+19.0%+2.6%+38.4%+34.2%+1.5%+27.5%−3.6%−22.8%−9.8%+4.4%+9.1%+14.2%+14.0%+0.7%−1.4%+29.5%−13.2%−20.7%+121%
CNA CNA Financial Corporation14 of 29+7.0%+24.0%+7.1%+3.8%+19.0%−5.4%+9.5%−11.1%+37.1%+30.0%−2.3%−5.3%+56.5%+6.9%+0.3%+12.7%+45.9%−50.4%−15.8%+23.2%+22.4%+11.0%−5.9%−12.2%−24.7%−0.5%−3.3%−5.5%+19.4%
WTM White Mountains Insurance Group, Ltd.16 of 29+6.9%+29.3%+6.5%+39.6%+1.4%−10.2%+30.2%+0.9%+1.9%+15.2%+15.5%+4.7%+17.3%+13.8%+35.5%+1.2%+25.4%−47.6%−10.0%+5.3%−12.4%+40.7%+42.9%−6.9%+9.4%+167%−12.9%+17.1%+27.3%
AXS AXIS Capital Holdings Limited11 of 22+23.0%+63.9%+5.5%+2.6%+11.8%−11.9%+18.3%+5.7%−21.0%+19.1%+12.5%+10.0%+40.5%+11.6%−8.1%+29.7%+0.6%−23.4%+18.9%+8.8%+16.7%−4.8%———————
ORI Old Republic International Corporation17 of 29+37.4%+27.2%+26.4%+6.7%+44.9%−7.6%+17.7%+4.9%+17.0%+6.3%+33.4%−11.2%+70.5%+23.5%−27.3%+43.3%−10.2%−18.2%−31.5%+13.9%+10.4%+1.9%+42.5%+1.9%−10.1%+141%−37.0%−8.1%+41.1%
ACGL Arch Capital Group Ltd.18 of 29+3.9%+30.8%+18.3%+41.2%+23.2%−15.9%+60.5%−11.7%+5.2%+23.7%+18.1%−1.0%+35.6%+18.2%+26.9%+23.0%+2.0%−0.3%+4.1%+23.5%+41.3%−2.9%+28.0%+21.0%+72.2%+18.8%−42.2%−2.1%+14.6%
RLI RLI Corp.16 of 29−19.1%+27.6%+3.8%+24.8%+10.7%+18.1%+33.2%+16.7%+0.4%+6.8%+31.1%+9.6%+57.9%−2.7%+52.1%+13.7%−11.0%+9.6%+2.2%+14.5%+21.8%+12.5%+36.0%+24.6%+2.5%+33.8%+4.1%−15.2%+50.0%
CRBG Corebridge Financial, Inc.2 of 3+3.9%+42.9%+25.3%——————————————————————————
SIGI Selective Insurance Group, Inc.15 of 29−8.8%−4.6%+13.7%+9.7%+24.0%+4.5%+8.2%+5.1%+38.2%+30.3%+26.0%+2.7%+43.6%+12.0%+0.7%+14.0%−25.7%+2.1%−18.1%+9.7%+22.0%+39.1%+31.8%+18.7%−8.0%+45.7%−11.9%−23.7%+45.4%
BRO Brown & Brown, Inc.16 of 29−21.4%+44.3%+25.7%−18.4%+49.3%+21.1%+44.7%+8.3%+16.2%+41.8%−1.1%+6.1%+24.8%+14.1%−4.1%+35.3%−12.5%−9.8%−16.0%−6.9%+41.2%+34.5%+1.8%+19.1%+57.1%+84.6%+11.0%+18.8%+71.1%
AON Aon plc15 of 29−0.9%+24.4%−2.3%+0.6%+43.4%+2.4%+44.7%+9.9%+21.1%+22.5%−1.6%+14.3%+52.4%+20.3%+2.9%+21.8%−14.8%−2.9%+37.0%−0.1%+54.3%+2.2%+30.3%−45.2%+6.3%−11.9%+10.7%−3.8%+44.6%
MKL Markel Corporation17 of 29+24.5%+21.6%+7.8%+6.8%+19.4%−9.6%+10.1%−8.9%+25.9%+2.4%+29.4%+17.7%+33.9%+4.5%+9.7%+11.2%+13.7%−39.1%+2.3%+51.4%−12.9%+43.6%+23.4%+14.4%−0.8%+16.8%−14.4%+15.9%+73.5%
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Risk and diversification

How AIG has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were AIG's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents AIG's five deepest drawdowns since it began trading in 1986, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means AIG fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringAIG fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
Dot-com bust−99.6%−40.7%Dec 2000Mar 20098.3 yearsNot yet—
No named crash−39.1%—Aug 1987Apr 19888 monthsApr 198912 months
No named crash−34.7%−15.7%Jul 1998Oct 19983 monthsJan 19993 months
No named crash−33.9%—Dec 1989Oct 199010 monthsFeb 19914 months
No named crash−28.6%−6.8%Jan 2000Mar 20002 monthsApr 20001 month

How did AIG do in stock market crashes?

This section measures how far AIG, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than AIG.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
AIG This pageAmerican International Group, Inc.—−12.7%−25.5%−61.8%−32.5%−7.6%−21.1%−30.6%0.0%−99.5%−50.5%
SPY S&P 500State Street SPDR S&P 500 ETF9 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
PGR The Progressive Corporation9 of 10−2.9%−10.5%−18.3%−22.3%−4.3%−12.3%−16.6%−1.2%−52.9%−36.2%
TRV The Travelers Companies, Inc.7 of 10−2.6%−18.9%−39.2%−15.7%−8.8%−11.4%−18.1%−1.1%−43.7%−55.1%
RNR RenaissanceRe Holdings Ltd.8 of 10−10.2%−27.1%−39.6%−14.1%−3.1%−8.5%−16.1%−0.7%−45.2%−25.1%
ALL The Allstate Corporation8 of 10−6.7%−20.3%−40.8%−23.7%−8.0%−10.8%−20.3%−0.8%−74.8%−30.6%
AFG American Financial Group, Inc.9 of 10−7.4%−16.2%−58.2%−23.5%−6.6%−11.8%−13.8%−0.5%−58.7%−38.0%
THG The Hanover Insurance Group, Inc.7 of 10−5.2%−18.6%−38.8%−14.2%−7.3%−10.7%−15.9%0.0%−42.9%−90.1%
MET MetLife, Inc.5 of 9−12.6%−19.5%−55.0%−20.9%−6.9%−36.5%−36.3%−3.4%−82.3%—
CB Chubb Limited7 of 10−5.6%−19.1%−42.2%−13.6%−8.4%−9.7%−13.7%−0.2%−51.2%−52.4%
AJG Arthur J. Gallagher & Co.8 of 10−4.8%−18.8%−37.0%−11.5%−6.1%−23.1%−13.4%−1.1%−46.0%−41.2%
EG Everest Group, Ltd.9 of 10−9.4%−19.0%−40.4%−12.0%−2.8%−10.3%−11.9%0.0%−46.7%−44.7%
WRB W. R. Berkley Corporation8 of 10−7.5%−14.7%−45.3%−12.2%−7.5%−17.6%−15.5%−0.9%−42.0%−25.9%
HIG The Hartford Insurance Group, Inc.5 of 10−9.0%−18.6%−54.5%−19.4%−8.1%−23.3%−37.2%−2.9%−96.0%−51.5%
CINF Cincinnati Financial Corporation7 of 10−7.0%−35.8%−40.5%−12.1%−7.9%−11.3%−15.4%−1.5%−57.1%−29.8%
CNA CNA Financial Corporation6 of 10−8.7%−25.7%−43.3%−12.3%−8.9%−24.6%−22.7%−1.8%−83.9%−46.2%
WTM White Mountains Insurance Group, Ltd.9 of 10−5.3%−15.5%−39.4%−12.4%−5.7%−13.4%−11.7%0.0%−72.9%−27.0%
AXS AXIS Capital Holdings Limited8 of 9−6.4%−19.0%−43.6%−15.5%−2.5%−10.7%−21.5%−0.9%−55.9%—
ORI Old Republic International Corporation8 of 10−5.3%−20.4%−46.3%−14.0%−7.7%−10.7%−21.9%−3.0%−60.0%−27.9%
ACGL Arch Capital Group Ltd.9 of 10−7.3%−16.6%−51.7%−17.9%−5.5%−16.4%−12.6%−0.6%−43.9%−21.9%
RLI RLI Corp.9 of 10−4.3%−15.7%−27.0%−16.9%−6.1%−8.2%−14.7%−2.2%−34.8%−21.3%
CRBG Corebridge Financial, Inc.0 of 1−14.3%—————————
SIGI Selective Insurance Group, Inc.9 of 10−5.7%−17.4%−38.4%−14.9%−5.5%−20.3%−25.4%−4.0%−61.3%−34.8%
BRO Brown & Brown, Inc.8 of 10−4.9%−27.3%−34.8%−13.6%−5.4%−15.9%−22.9%0.0%−42.1%−31.4%
AON Aon plc7 of 10−2.4%−25.4%−38.7%−17.0%−5.3%−17.4%−20.7%0.0%−30.3%−66.5%
MKL Markel Corporation8 of 10−6.2%−28.9%−44.7%−21.5%−5.3%−13.3%−13.3%0.0%−61.3%−19.1%
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How closely does AIG move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares AIG with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than AIG's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
AIG This pageAmerican International Group, Inc.64%93%0.680.91
WRB W. R. Berkley Corporation68%26%2.580.55
RNR RenaissanceRe Holdings Ltd.46%20%2.260.31
AJG Arthur J. Gallagher & Co.80%46%1.740.61
THG The Hanover Insurance Group, Inc.64%37%1.720.60
ALL The Allstate Corporation68%41%1.660.49
TRV The Travelers Companies, Inc.70%48%1.480.59
EG Everest Group, Ltd.46%32%1.430.46
WTM White Mountains Insurance Group, Ltd.48%36%1.350.39
ORI Old Republic International Corporation82%61%1.340.70
CB Chubb Limited63%48%1.320.54
ACGL Arch Capital Group Ltd.74%57%1.280.57
CNA CNA Financial Corporation57%45%1.260.54
BRO Brown & Brown, Inc.78%69%1.130.66
AFG American Financial Group, Inc.84%75%1.120.78
SIGI Selective Insurance Group, Inc.56%51%1.100.56
HIG The Hartford Insurance Group, Inc.83%77%1.070.78
CINF Cincinnati Financial Corporation66%63%1.050.60
RLI RLI Corp.57%54%1.050.39
AXS AXIS Capital Holdings Limited55%53%1.040.67
MET MetLife, Inc.91%97%0.941.03
AON Aon plc79%89%0.890.78
MKL Markel Corporation65%88%0.750.68
PGR The Progressive Corporation72%-5%—0.36
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What diversifies AIG?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with AIG's. Because such investments tend not to fall at the same time, pairing AIG with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which AIG lost money. The last two columns show a portfolio that is 80% AIG and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe202020182017201120092008200720042002200180/20 mix volatility80/20 mix annual return
AIG American International Group, Inc. (this page)1.00+55.2%0.47−23.1%−32.1%−6.9%−43.6%−4.6%−97.2%−17.6%−0.5%−26.9%−19.3%23.3%+8.7%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.34+225%1.34+3.9%−19.8%+22.8%−16.1%+2.0%−20.8%−7.4%———19.6%+12.6%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.44+103%1.06−13.4%−8.7%+1.1%———————20.1%+10.4%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.48+83.6%0.95+2.1%−9.5%+16.7%———————19.8%+10.1%
SMH TechnologyVanEck Semiconductor ETF0.06+304%0.94+55.5%−9.1%+38.5%+6.8%+60.5%−44.7%+6.0%−19.3%−47.0%−14.6%20.3%+15.4%
XLE EnergyState Street Energy Select Sector SPDR ETF0.45+178%0.94−32.7%−18.2%−0.9%+2.8%+21.8%−39.0%+36.8%+33.8%−14.8%−18.2%21.5%+12.1%
GLD CommoditiesSPDR Gold Shares0.05+120%0.93+24.8%−1.9%+12.8%+9.6%+24.0%+4.9%+30.4%———19.1%+11.3%
VLUE Broad MarketiShares MSCI USA Value Factor ETF0.39+112%0.91−0.2%−11.1%+21.9%———————20.5%+10.9%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.30+130%0.91+28.2%−0.9%+27.8%———————20.2%+11.8%

Stocks

InvestmentCorrelation5Y returnSharpe202020182017201120092008200720042002200180/20 mix volatility80/20 mix annual return
AIG American International Group, Inc. (this page)1.00+55.2%0.47−23.1%−32.1%−6.9%−43.6%−4.6%−97.2%−17.6%−0.5%−26.9%−19.3%23.3%+8.7%
CAH Medical - DistributionCardinal Health, Inc.0.33+471%1.54+10.1%−24.5%−12.7%+8.1%−4.4%−39.6%−9.8%−4.7%−8.3%−2.5%20.9%+14.8%
CLS Hardware, Equipment & PartsCelestica Inc.0.12+2,780%1.43−2.4%−16.3%−11.6%−24.4%+105%−20.5%−25.7%−6.4%−65.1%−25.6%23.2%+27.5%
MCK Medical - DistributionMcKesson Corporation0.36+397%1.41+27.1%−28.4%+12.0%+11.8%+62.9%−40.4%+29.7%−1.4%−27.2%+4.9%21.0%+14.2%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.05+1,452%1.41+6.7%+0.8%+32.1%−17.0%+17.8%−15.2%+2.1%+40.0%−9.4%+73.7%21.1%+23.8%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.22+660%1.39−27.4%−8.2%+34.8%———————21.0%+16.9%
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Common questions

What was AIG's worst drawdown?

AIG's deepest decline since it began trading in 1986 was 99.6%, from December 2000 to March 2009. It has not yet climbed back to that peak.

What were AIG's best and worst years?

Over 29 full calendar years, AIG's best year was 2010, when it returned 92.2%. Its worst was 2008, with a return of -97.2%.

Is there a better investment than AIG?

Among AIG's popular alternatives, TRV, CB and THG earned more than AIG with less volatility over the past 5 years. TRV returned 22.4% a year at 22.3% volatility, against 9.2% a year at 25.9%. Looking beyond its popular alternatives, IAK (insurance) and KBWP (property & casualty insurance) earned more than AIG with less volatility over the past 5 years. IAK returned 14.2% a year at 18.1% volatility, against 9.2% a year at 25.9%.

Is AIG more volatile than the S&P 500?

Yes. AIG's volatility over the past 5 years was 25.9%, 1.5 times the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, AIG's return lands within 25.9% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is AIG's Sharpe ratio?

AIG's Sharpe ratio over the past 5 years was 0.47, against 0.78 for the S&P 500, so AIG earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is AIG with the S&P 500?

Over the past 5 years, AIG's monthly returns had a correlation of 0.35 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against AIG instead: the lower it is, the more that option would diversify a AIG holding.

What are the best alternatives to AIG?

Of the 24 popular alternatives we compared, ten outperformed AIG in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: PGR, TRV and RNR.

Did AIG outperform the S&P 500?

AIG finished ahead of the S&P 500 (SPY) in 12 of 29 full calendar years. In 2025, it returned +20.0%, against +17.7% for the index.

How did AIG do in stock market crashes?

AIG fell less than the S&P 500 (SPY) in one of the ten major crashes it has traded through, and further in nine. The clearest case was the 2008 financial crisis, when AIG fell 99.5% and the S&P 500 fell 55.2%.

What diversifies AIG?

These had a low correlation with AIG over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.34), EMLP (correlation 0.44) and DBEF (correlation 0.48); among large stocks, CAH (correlation 0.33), CLS (correlation 0.12) and MCK (correlation 0.36). A correlation near zero means the two have moved largely independently.

How we measure

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Popular alternatives to AIG

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