ACGL vs L: Correlation
Measured on weekly returns over the past three years, Arch Capital Group (ACGL) and Loews Corporation (L) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACGL and L?
Across a 3-year window, the weekly returns of ACGL and L correlate at 0.66, strong. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. Stretching to 5 years gives 0.64, with an annualized covariance of 236.0 %².
Within ACGL's tracked universe of 36 assets, L comes in at #4 by 3-year correlation. Over the last 12 months L came out ahead by 6.5 percentage points (+7.7% against +14.2%). On a rolling one-year basis the correlation drifted between 0.41 and 0.84, a moderate band.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACGL vs L: side by side
| ACGL (Arch Capital Group) | L (Loews Corporation) | |
|---|---|---|
| 1-year return | +7.7% | +14.2% |
| 5-year return | +151.8% | +100.1% |
| Volatility (ann.) | 21.5% | 16.6% |
| Beta vs S&P 500 | 0.28 | 0.33 |
| Max drawdown (3Y) | -22.4% | -12.2% |
| Market cap | $33.7B | $22.5B |
| P/E (trailing) | 7.9 | 13.5 |
| Dividend yield | 0.00% | 0.23% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | ACGL | L |
|---|---|---|
| 2022 | +41.2% | +1.4% |
| 2023 | +18.3% | +19.8% |
| 2024 | +30.8% | +22.1% |
| 2025 | +3.9% | +24.7% |
| 2026 | +3.0% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACGL and L good diversifiers for each other?
Only partially. A correlation of 0.66 means ACGL and L share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ACGL and L?
The ACGL/L correlation stands at 0.66 on a 3-year window (1 year: 0.73, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is L a good diversifier for ACGL?
Only partially. A correlation of 0.66 means ACGL and L share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acgl-vs-l.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acgl-vs-l/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACGL correlations · L correlations
