# How Chubb (CB) compares with the whole market and its popular alternatives

> Source: EasyCompare research, https://easycompare.io/research/cb
> Data as of October 20, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on CB alone. It places CB (Chubb Limited) 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 CB stands in the market, and of the alternatives worth a closer look.

Period covered: CB's full trading record, from October 1986 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

## Key findings

- **Right now:** Its property & casualty insurance peers split over the past 3 months: TRV (Travelers Companies) rose 7.8%, while HIG (Hartford Insurance Group) fell 2.5%. Over the past 3 months, CB rose 1.8% against 3.9% for the S&P 500 and 3.2% for the Nasdaq 100.
- **Stock or market?:** CB rose 1.8% over the past 3 months, 3.0 points ahead of the property & casualty insurance ETF KIE (State Street SPDR S&P Insurance ETF), which fell 1.2%. The S&P 500 rose 3.9%. Last month cut against the tape: CB rose 6.1% while the S&P 500 fell 0.6%.
- **Past 1 to 3 years:** CB has run far ahead of the market, rising 35.0% over the past year against 15.8% for the S&P 500 and 17.9% for the Nasdaq 100.
- **Long term:** CB turned $10,000 into $34,800 over the past decade, against $42,100 in the S&P 500. Even so, the past 5 years have been the better stretch: CB rose 107% against 81.7% for the S&P 500, after trailing over the decade.
- **In a crash:** CB fell less than the S&P 500 in five of seven sell-offs, but the Covid crash broke the pattern: it fell 42.2%, more than the S&P 500's 33.7%.
- **Diversification:** Against the S&P 500, CB has a correlation of 0.29 over 5 years, less closely than 72% of stocks worth at least $300 million. Next to an index fund it is a real diversifier. Over 10 years CB kept more of the market's gains than of its losses: 63% of the S&P 500's gains in rising months and 48% of its losses in falling ones, with a beta of 0.54.
- **Better options**
  - **Nearby categories and themes:** AFL (Aflac, life insurance) earned more than CB over the past 5 years with similar volatility: 19.0% a year at 20.8% volatility, against 15.7% a year at 20.4%.
  - **Whole market:** Few investments have done better on both counts: only 17 of the 3,633 stocks and funds worth at least $500 million earned more than CB with less volatility over the past 5 years, among them RY (Royal Bank of Canada), GLD (SPDR Gold Shares) and IAU (iShares Gold Trust).

## How much would $10,000 in CB have grown?

This chart tracks a hypothetical $10,000 investment in CB over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of CB over the same span and CB's popular alternatives, among those that traded for the entire period.

- $10,000 invested in CB at the end of September 1997 would have grown to $184,681 by September 2026, more than the $132,907 it would have become in SPY, an S&P 500 fund.
- Five of the eight other investments on the chart ended ahead of CB, and AJG finished highest, at $566,042.

## CB 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.

- CB's deepest decline since it began trading in 1986 was 64.4%, from July 1998 to March 2000. It took nine months from the low to climb back to its old high.
- Over 29 full calendar years, CB's best was 2000, when it returned 159%, and its worst was 1999, when it lost 50.6%. It lost money in six of those years.
- CB is 1.3% below its all-time high.

- Type: Stock, Financials (Insurance - Property & Casualty)
- Trading since: October 17, 1986
- Market value: $138B
- Volatility (5 years): 20.4%; Sharpe ratio: 0.82
- Worst decline ever: −64.4%, from July 15, 1998 to March 7, 2000; back at its high by December 5, 2000

| Period | CB total return |
| --- | --- |
| 1 month | +6.1% |
| 3 months | +1.8% |
| 6 months | +9.1% |
| year to date | +16.4% |
| 1 year | +35.0% |
| 3 years | +78.9% |
| 5 years | +107% |
| 10 years | +248% |

## CB against the whole market

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

### How does CB rank among all stocks?

This section ranks CB on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history.

- CB is among the steadier stocks: its price swings rank in the top 4% of the 2,893 stocks worth at least $300 million, where the top is the calmest.

| Measure | CB | Rank |
| --- | --- | --- |
| 1-year return | +35.0% | 851 of 3,287 (top 26%) |
| 3-year return | +78.9% | 1,141 of 3,017 (top 38%) |
| 5-year return | +107% | 641 of 2,893 (top 23%) |
| 10-year return | +248% | 713 of 2,202 (top 33%) |
| Volatility, 5 years | 20.4% | 102 of 2,893 (top 4%) |
| Sharpe ratio, 5 years | 0.82 | 255 of 2,893 (top 9%) |
| Worst decline, past 10 years | −42.6% | 215 of 2,187 (top 10%) |

### What has beaten CB 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).

- Two stocks and 15 ETFs worth at least $500 million sit in the green region: each earned more than CB over the past 5 years with smaller price swings. That is fewer than 1% of the 3,633 screened. Few investments beat it on both counts.
- Among those with at least half CB's swings, LVHI has the best return for its risk: 17.0% a year at 11.1% volatility, 46% less than CB's 20.4%, and a Sharpe ratio (return above cash per unit of volatility) of 1.48 against 0.82 for CB. DXJ earned the most, 26.6% a year, while still swinging less than CB (19.1% against 20.4%).

### Is there a better investment than CB?

The table below lists investments that beat CB 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.

- Among CB's popular alternatives, TRV earned more than CB over the past 5 years with similar volatility: 22.4% a year at 22.3% volatility, against 15.7% a year at 20.4%.
- Looking beyond its popular alternatives, AFL (life insurance) earned more than CB over the past 5 years with similar volatility: 19.0% a year at 20.8% volatility, against 15.7% a year at 20.4%.
- Few investments have done better on both counts: only 17 of the 3,633 stocks and funds worth at least $500 million earned more than CB with less volatility over the past 5 years, among them RY, GLD and IAU.

The 9 strongest of 17 investments that beat CB over the past 5 years, out of 3,633 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 10Y return | Correlation with CB | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| CB: Chubb Limited (this page) |  | +15.7% | 20.4% | 0.82 | −42.6% | +248% |  |  |
| [RY](https://easycompare.io/research/ry): Royal Bank of Canada | Banks | +17.3% | 18.2% | 0.97 | −40.0% | +352% | 0.47 | Higher return, lower volatility; Higher return in most periods |
| DXJ: WisdomTree Japan Hedged Equity Fund | International Equity | +26.6% | 19.1% | 1.34 | −39.1% | +428% | 0.30 | Higher return, lower volatility; Higher return in most periods |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | International Equity | +17.0% | 11.1% | 1.48 | −32.4% | +194% | 0.59 | Higher return, lower volatility; Higher Sharpe, smaller worst decline |
| SDCI: USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund | Bonds | +20.6% | 18.4% | 1.12 | −45.7% | — | 0.28 | Higher return, lower volatility; Higher return in most periods |
| [GLD](https://easycompare.io/research/gld): SPDR Gold Shares | Gold | +17.7% | 18.9% | 0.96 | −26.4% | +213% | 0.13 | Higher return, lower volatility; Higher Sharpe, smaller worst decline |
| [MPLX](https://easycompare.io/research/mplx): MPLX Lp | Oil & Gas Midstream | +23.5% | 18.8% | 1.22 | −75.2% | +350% | 0.42 | Higher return, lower volatility |
| DBJP: Xtrackers MSCI Japan Hedged Equity ETF | International | +20.9% | 19.2% | 1.09 | −31.3% | +348% | 0.24 | Higher return, lower volatility; Higher Sharpe, smaller worst decline |
| TPYP: Tortoise North American Pipeline ETF | Energy | +16.9% | 17.3% | 0.99 | −51.9% | +184% | 0.58 | Higher return, lower volatility |
| ENFR: Alerian Energy Infrastructure ETF | Broad Market | +18.4% | 19.1% | 0.98 | −62.6% | +183% | 0.55 | Higher return, lower volatility |

## CB against its popular alternatives

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

### How do CB'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.

- None of the 22 popular alternatives earned more than CB over the past 5 years with smaller price swings, so every higher return on the map came with a bumpier ride.
- 15 of the 22 popular alternatives earned less than CB over the past 5 years while swinging more, the weaker corner of the map.
- Over the past 5 years, CB returned 15.7% a year, more than the S&P 500's 12.7%, with higher volatility (20.4% against 17.1%).

### Has CB consistently beaten its popular alternatives?

This section compares CB with the investments people most often weigh against it, checking each one over eight periods from one month to ten years.

- TRV outperformed CB in every long-term period and in all but one short-term period, the most consistent record in the group.
- Two of the 22 popular alternatives, TRV and THG, outperformed CB in at least 3 of 5 short-term and 2 of 3 long-term timeframes.
- PGR earned more for the risk it took than CB (a higher Sharpe ratio) and fell less in its worst decline of the past 10 years.

| Investment | 1Y return | 3Y return | 5Y return | 10Y return | Periods ahead of CB | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- | --- |
| CB: Chubb Limited (this page) | +35.0% | +78.9% | +107% | +248% |  |  | 0.82 |
| [TRV](https://easycompare.io/research/trv): The Travelers Companies, Inc. | +51.5% | +158% | +174% | +347% | 5/5 short-term, 3/3 long-term | all-weather | 1.02 |
| THG: The Hanover Insurance Group, Inc. | +37.7% | +115% | +95.9% | +291% | 4/5 short-term, 2/3 long-term | consistent | 0.70 |
| [ALL](https://easycompare.io/research/all): The Allstate Corporation | +31.5% | +116% | +119% | +356% | 2/5 short-term, 3/3 long-term |  | 0.73 |
| WRB: W. R. Berkley Corporation | +2.3% | +87.3% | +138% | +443% | 1/5 short-term, 3/3 long-term |  | 0.87 |
| ORI: Old Republic International Corporation | +3.6% | +81.5% | +119% | +349% | 0/5 short-term, 3/3 long-term |  | 0.82 |
| [PGR](https://easycompare.io/research/pgr): The Progressive Corporation | +7.7% | +56.8% | +162% | +816% | 1/5 short-term, 2/3 long-term |  | 0.89 |
| ACGL: Arch Capital Group Ltd. | +16.5% | +28.7% | +150% | +309% | 0/5 short-term, 2/3 long-term |  | 0.87 |
| HIG: The Hartford Insurance Group, Inc. | +12.1% | +105% | +106% | +294% | 0/5 short-term, 2/3 long-term |  | 0.77 |
| AXS: AXIS Capital Holdings Limited | +11.1% | +90.4% | +116% | +137% | 0/5 short-term, 2/3 long-term |  | 0.74 |
| [AJG](https://easycompare.io/research/ajg): Arthur J. Gallagher & Co. | −6.1% | +17.3% | +68.0% | +516% | 3/5 short-term, 1/3 long-term |  | 0.55 |
| [MET](https://easycompare.io/research/met): MetLife, Inc. | +32.2% | +84.0% | +76.5% | +240% | 3/5 short-term, 1/3 long-term |  | 0.58 |
| AFG: American Financial Group, Inc. | +20.4% | +66.9% | +59.7% | +321% | 2/5 short-term, 1/3 long-term |  | 0.53 |
| BRO: Brown & Brown, Inc. | −18.2% | +7.9% | +13.8% | +317% | 2/5 short-term, 1/3 long-term |  | 0.23 |
| CINF: Cincinnati Financial Corporation | +13.6% | +87.6% | +62.7% | +203% | 0/5 short-term, 1/3 long-term |  | 0.51 |
| EG: Everest Group, Ltd. | +14.8% | +6.0% | +57.0% | +155% | 3/5 short-term, 0/3 long-term |  | 0.48 |
| [AIG](https://easycompare.io/research/aig): American International Group, Inc. | +8.0% | +47.1% | +54.1% | +75.5% | 2/5 short-term, 0/3 long-term |  | 0.47 |
| RLI: RLI Corp. | +14.2% | +8.4% | +47.7% | +206% | 1/5 short-term, 0/3 long-term |  | 0.45 |
| SIGI: Selective Insurance Group, Inc. | +9.1% | −9.1% | +24.1% | +160% | 1/5 short-term, 0/3 long-term |  | 0.30 |
| [PRU](https://easycompare.io/research/pru): Prudential Financial, Inc. | +19.6% | +47.5% | +29.0% | +117% | 1/5 short-term, 0/3 long-term |  | 0.33 |
| [AON](https://easycompare.io/research/aon): Aon plc | −13.0% | −3.1% | −1.6% | +195% | 0/5 short-term, 0/3 long-term |  | 0.11 |
| CNA: CNA Financial Corporation | +15.2% | +56.4% | +55.2% | +183% | 0/5 short-term, 0/3 long-term |  | 0.52 |
| MKL: Markel Corporation | −1.2% | +29.8% | +42.3% | +110% | 0/5 short-term, 0/3 long-term |  | 0.43 |

### How did CB do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where CB ranked among its popular alternatives each year.

- CB finished ahead of the S&P 500 in 13 of its 29 full calendar years, and behind it in each of the last three.
- Among its popular alternatives, BRO came out ahead of CB most often, in 17 of the 29 years both traded.
- Ranked against its popular alternatives each year, CB finished in the top quarter in four of 29 years and in the bottom quarter in three. In 2025, it ranked 10 of 23.

| Year | CB | SPY |
| --- | --- | --- |
| 2025 | +14.5% | +17.7% |
| 2024 | +23.9% | +24.9% |
| 2023 | +4.2% | +26.2% |
| 2022 | +16.0% | −18.2% |
| 2021 | +27.9% | +28.7% |
| 2020 | +1.4% | +18.3% |
| 2019 | +22.9% | +31.2% |
| 2018 | −9.6% | −4.6% |
| 2017 | +12.8% | +21.7% |
| 2016 | +15.6% | +12.0% |

## Risk and diversification

How CB 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 CB's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high.

- In all five of CB's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: CB fell 64.4% from July 1998 to March 2000, while the S&P 500 rose 18.6%.
- The longest climb back to a previous high took 21 months, after CB fell 51.2% from September 2008 to March 2009.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −64.4% | July 15, 1998 | March 7, 2000 | December 5, 2000 | +18.6% |  |
| −52.4% | December 8, 2000 | September 21, 2001 | February 13, 2002 | −26.5% | dot-com bust |
| −51.2% | September 19, 2008 | March 9, 2009 | December 28, 2010 | −44.7% | 2008 financial crisis |
| −47.7% | April 10, 2002 | July 23, 2002 | January 14, 2004 | −29.3% | dot-com bust |
| −42.6% | February 5, 2020 | March 23, 2020 | February 4, 2021 | −32.6% | Covid crash |

### How did CB do in stock market crashes?

This section measures how far CB, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000.

- Among its popular alternatives, RLI held up best, falling less than CB in seven of the ten crashes they both traded through.
- CB fell less than the S&P 500 in six of the ten crashes it has traded through. The clearest case was the late-2018 sell-off, when CB fell 13.6% and the S&P 500 fell 19.3%.

| Crash | Dates | CB fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | −52.4% | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | −51.2% | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | −0.2% | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | −13.7% | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | −9.7% | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | −8.4% | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | −13.6% | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | −42.2% | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −19.1% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −5.6% | −3.4% |

### How closely does CB 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.

- Over the past 10 years, CB captured 63% of the S&P 500's gains in rising months and 48% of its losses in falling months, with a beta of 0.54. That is a defensive profile: it gave up some of the market's upside in exchange for smaller losses.
- PGR took just -5% of the S&P 500's losses, against 48% for CB, while still keeping 72% of its gains.
- Seven of the 21 popular alternatives had a higher capture ratio (upside capture divided by downside capture) than CB's 1.32, led by WRB, AJG and THG.

Measured over the past 10 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| CB: Chubb Limited (this page) | 63.0% | 48.0% | 0.54 |
| [TRV](https://easycompare.io/research/trv): The Travelers Companies, Inc. | 70.0% | 48.0% | 0.59 |
| THG: The Hanover Insurance Group, Inc. | 64.0% | 37.0% | 0.60 |
| [ALL](https://easycompare.io/research/all): The Allstate Corporation | 68.0% | 41.0% | 0.49 |
| WRB: W. R. Berkley Corporation | 68.0% | 26.0% | 0.55 |
| ORI: Old Republic International Corporation | 82.0% | 61.0% | 0.70 |
| [PGR](https://easycompare.io/research/pgr): The Progressive Corporation | 72.0% | −5.0% | 0.36 |
| ACGL: Arch Capital Group Ltd. | 74.0% | 57.0% | 0.57 |
| HIG: The Hartford Insurance Group, Inc. | 83.0% | 77.0% | 0.78 |
| AXS: AXIS Capital Holdings Limited | 55.0% | 53.0% | 0.67 |
| [AJG](https://easycompare.io/research/ajg): Arthur J. Gallagher & Co. | 80.0% | 46.0% | 0.61 |
| [MET](https://easycompare.io/research/met): MetLife, Inc. | 91.0% | 97.0% | 1.03 |
| AFG: American Financial Group, Inc. | 84.0% | 75.0% | 0.78 |
| BRO: Brown & Brown, Inc. | 78.0% | 69.0% | 0.66 |
| CINF: Cincinnati Financial Corporation | 66.0% | 63.0% | 0.60 |
| EG: Everest Group, Ltd. | 46.0% | 32.0% | 0.46 |
| [AIG](https://easycompare.io/research/aig): American International Group, Inc. | 64.0% | 93.0% | 0.91 |
| RLI: RLI Corp. | 57.0% | 54.0% | 0.39 |
| SIGI: Selective Insurance Group, Inc. | 56.0% | 51.0% | 0.56 |
| [PRU](https://easycompare.io/research/pru): Prudential Financial, Inc. | 102% | 146% | 1.25 |
| [AON](https://easycompare.io/research/aon): Aon plc | 79.0% | 89.0% | 0.78 |
| CNA: CNA Financial Corporation | 57.0% | 45.0% | 0.54 |
| MKL: Markel Corporation | 65.0% | 88.0% | 0.68 |

### What diversifies CB?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions).

- Moving a fifth of the money in CB into GLD would have cut the portfolio's volatility by 16% over the past 5 years and raised its annual return (+15.0% for CB alone, +16.2% for the mix).
- Among large ETFs, DXJ, SMH and DBEF have moved largely independently of CB over the past 5 years, with correlations of 0.45 or lower, and each still earned a positive 5-year return.
- Among large stocks, CAH, CLS and FIX have moved largely independently of CB over the past 5 years, with correlations of 0.40 or lower, and each still earned a positive 5-year return.

| Investment | Correlation with CB | 5Y return | Volatility | Sharpe | Rose in CB's 6 down years |
| --- | --- | --- | --- | --- | --- |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.30 | +225% | 19.1% | 1.34 | 1 of 6 |
| [SMH](https://easycompare.io/research/smh): VanEck Semiconductor ETF | -0.03 | +323% | 36.9% | 0.97 | 1 of 6 |
| DBEF: Xtrackers MSCI EAFE Hedged Equity ETF | 0.45 | +85.0% | 13.8% | 0.96 | 0 of 6 |
| [GLD](https://easycompare.io/research/gld): SPDR Gold Shares | 0.13 | +126% | 18.9% | 0.96 | 2 of 6 |
| SPMO: Invesco S&P 500 Momentum ETF | 0.29 | +136% | 20.8% | 0.93 | 0 of 6 |
| [XLE](https://easycompare.io/research/xle): State Street Energy Select Sector SPDR ETF | 0.49 | +177% | 25.5% | 0.93 | 2 of 6 |
| DIVB: iShares Core Dividend ETF | 0.49 | +92.0% | 15.4% | 0.93 | 0 of 6 |
| VLUE: iShares MSCI USA Value Factor ETF | 0.34 | +109% | 18.4% | 0.90 | 0 of 6 |

## Common questions

### What was CB's worst drawdown?

CB's deepest decline since it began trading in 1986 was 64.4%, from July 1998 to March 2000. It took nine months from the low to climb back to its old high.

### What were CB's best and worst years?

Over 29 full calendar years, CB's best year was 2000, when it returned 159%. Its worst was 1999, with a return of -50.6%.

### Is there a better investment than CB?

Among CB's popular alternatives, TRV earned more than CB over the past 5 years with similar volatility: 22.4% a year at 22.3% volatility, against 15.7% a year at 20.4%. Looking beyond its popular alternatives, AFL (life insurance) earned more than CB over the past 5 years with similar volatility: 19.0% a year at 20.8% volatility, against 15.7% a year at 20.4%.

### Is CB more volatile than the S&P 500?

Yes. CB's volatility over the past 5 years was 20.4%, 1.2 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, CB's return lands within 20.4% 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 CB's Sharpe ratio?

CB's Sharpe ratio over the past 5 years was 0.82, against 0.79 for the S&P 500, so CB earned more 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 CB with the S&P 500?

Over the past 5 years, CB's monthly returns had a correlation of 0.29 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 CB instead: the lower it is, the more that option would diversify a CB holding.

### What are the best alternatives to CB?

Of the 22 popular alternatives we compared, two outperformed CB in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: TRV and THG.

### Did CB outperform the S&P 500?

CB finished ahead of the S&P 500 (SPY) in 13 of 29 full calendar years. In 2025, it returned +14.5%, against +17.7% for the index.

### How did CB do in stock market crashes?

CB fell less than the S&P 500 (SPY) in six of the ten major crashes it has traded through, and further in four. The clearest case was the late-2018 sell-off, when CB fell 13.6% and the S&P 500 fell 19.3%.

### What diversifies CB?

These had a low correlation with CB over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.30), SMH (correlation -0.03) and DBEF (correlation 0.45); among large stocks, CAH (correlation 0.40), CLS (correlation 0.05) and FIX (correlation 0.15). A correlation near zero means the two have moved largely independently.

## More research

- [Travelers Companies (TRV) Performance, Alternatives and Market Rank](https://easycompare.io/research/trv)
- [Allstate (ALL) Performance, Alternatives and Market Rank](https://easycompare.io/research/all)
- [Progressive (PGR) Performance, Alternatives and Market Rank](https://easycompare.io/research/pgr)
- [Arthur J. Gallagher & Co. (AJG) Performance, Alternatives and Market Rank](https://easycompare.io/research/ajg)
- [MetLife (MET) Performance, Alternatives and Market Rank](https://easycompare.io/research/met)
- [American International Group (AIG) Performance, Alternatives and Market Rank](https://easycompare.io/research/aig)
- [Prudential Financial (PRU) Performance, Alternatives and Market Rank](https://easycompare.io/research/pru)
- [AON Performance, Alternatives and Market Rank](https://easycompare.io/research/aon)
- [Schwab U.S. Dividend Equity ETF (SCHD) Performance, Alternatives and Market Rank](https://easycompare.io/research/schd)
- [NVIDIA (NVDA) Performance, Alternatives and Market Rank](https://easycompare.io/research/nvda)
- [Apple (AAPL) Performance, Alternatives and Market Rank](https://easycompare.io/research/aapl)
- [Alphabet (GOOG) Performance, Alternatives and Market Rank](https://easycompare.io/research/goog)

## Explore further

- Full page with charts: https://easycompare.io/research/cb
- All research pages: https://easycompare.io/llms.txt
- Compare the entire market against CB live: https://betterthanspy.com/?b=CB&utm_source=easycompare&utm_medium=research