AFG vs. CB

Last updated Jun 4, 2026

AFG (American Financial Group, Inc.) and CB (Chubb Limited) are both stocks. Both operate in the Insurance - Property & Casualty industry within the Financial Services sector. Over the past 10 years, AFG returned 14.01%/yr vs 11.41%/yr for CB. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

AFG vs. CB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Financial Group, Inc. (AFG) and Chubb Limited (CB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFG achieves a -3.31% return, which is significantly lower than CB's 0.50% return. Over the past 10 years, AFG has outperformed CB with an annualized return of 14.01%, while CB has yielded a comparatively lower 11.41% annualized return.

AFG

• 1D: 0.07%
• 1M: -1.93%
• YTD: -3.31%
• 6M: 0.34%
• 1Y: 8.99%
• 3Y*: 9.69%
• 5Y*: 9.16%
• 10Y*: 14.01%

CB

• 1D: 0.15%
• 1M: -3.80%
• YTD: 0.50%
• 6M: 6.65%
• 1Y: 6.88%
• 3Y*: 19.24%
• 5Y*: 14.29%
• 10Y*: 11.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AFG vs. CB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AFG American Financial Group, Inc.	-3.31%	5.45%	23.79%	-7.61%	10.91%	93.83%	-16.18%	27.10%	-13.04%	29.20%
CB Chubb Limited	0.50%	14.46%	23.89%	4.20%	15.97%	27.85%	1.41%	22.94%	-9.63%	12.82%

Correlation

The correlation between AFG and CB is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Mar 25, 1993	0.52

The correlation between AFG and CB shifts across timeframes, from 0.52 (all time) to 0.67 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap AFG : $10.73B CB : $123.41B
EPS AFG : $10.54 CB : $28.35
PE Ratio AFG : 12.23 CB : 11.03
PS Ratio AFG : 1.32 CB : 2.60
PB Ratio AFG : 2.29 CB : 1.54
Total Revenue (TTM) AFG : $8.15B CB : $48.15B
Gross Profit (TTM) AFG : $2.64B CB : $17.01B
EBITDA (TTM) AFG : $1.26B CB : $12.22B

Return for Risk

AFG vs. CB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFG

AFG Risk / Return Rank: 52
AFG Sharpe Ratio Rank: 57
AFG Sortino Ratio Rank: 48
AFG Omega Ratio Rank: 46
AFG Calmar Ratio Rank: 55
AFG Martin Ratio Rank: 54

CB

CB Risk / Return Rank: 51
CB Sharpe Ratio Rank: 54
CB Sortino Ratio Rank: 46
CB Omega Ratio Rank: 45
CB Calmar Ratio Rank: 56
CB Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFG vs. CB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Financial Group, Inc. (AFG) and Chubb Limited (CB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AFG	CB	Difference
Sharpe ratio: Return per unit of total volatility	0.47	0.40	+0.07
Sortino ratio: Return per unit of downside risk	0.79	0.70	+0.09
Omega ratio: Gain probability vs. loss probability	1.09	1.08	+0.01
Calmar ratio: Return relative to maximum drawdown	0.68	0.74	-0.05
Martin ratio: Return relative to average drawdown	1.30	1.55	-0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AFG vs. CB - Sharpe Ratio Comparison

The current AFG Sharpe Ratio is 0.47, which is comparable to the CB Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of AFG and CB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AFG	CB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	0.40	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.71	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.48	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.40	-0.06

Drawdowns

AFG vs. CB - Drawdown Comparison

The maximum AFG drawdown since its inception was -62.94%, which is greater than CB's maximum drawdown of -50.99%. Use the drawdown chart below to compare losses from any high point for AFG and CB.

Drawdown Indicators

	AFG	CB	Difference
Max Drawdown Largest peak-to-trough decline	-62.94%	-50.99%	-11.95%
Max Drawdown (1Y) Largest decline over 1 year	-13.19%	-9.36%	-3.83%
Max Drawdown (3Y) Largest decline over 3 years	-19.85%	-14.35%	-5.50%
Max Drawdown (5Y) Largest decline over 5 years	-23.85%	-19.26%	-4.59%
Max Drawdown (10Y) Largest decline over 10 years	-58.98%	-42.59%	-16.39%
Current Drawdown Current decline from peak	-9.30%	-8.49%	-0.81%
Average Drawdown Average peak-to-trough decline	-16.75%	-10.68%	-6.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.93%	4.87%	+2.06%

Volatility

AFG vs. CB - Volatility Comparison

The current volatility for American Financial Group, Inc. (AFG) is 4.27%, while Chubb Limited (CB) has a volatility of 4.57%. This indicates that AFG experiences smaller price fluctuations and is considered to be less risky than CB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFG	CB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	4.57%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	12.42%	12.54%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	19.07%	17.33%	+1.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.03%	20.28%	+2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.27%	23.65%	+6.62%

Dividends

AFG vs. CB - Dividend Comparison

AFG's dividend yield for the trailing twelve months is around 5.39%, more than CB's 1.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFG American Financial Group, Inc.	5.39%	5.33%	6.89%	6.81%	10.42%	20.43%	4.39%	4.51%	4.92%	4.41%	2.44%	2.82%
CB Chubb Limited	1.24%	1.22%	1.30%	1.51%	1.49%	1.65%	2.01%	1.91%	2.24%	1.93%	2.07%	4.23%

Financials

Frequently Asked Questions

Can I hold both AFG and CB in my portfolio?

AFG and CB have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AFG or CB?

CB has higher volatility (4.57%) compared to AFG (4.27%). In terms of maximum drawdown, AFG dropped -62.94% vs CB's -50.99%.

Which has better risk-adjusted returns?

AFG currently has the higher Sharpe Ratio (0.47 vs 0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.