ACIC vs L: Correlation
How closely do American Coastal Insurance Corporation (ACIC) and Loews Corporation (L) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACIC and L?
Over the past 3 years, ACIC and L moved with a correlation of 0.38, which is moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.38). Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 211.9 %².
By 3-year correlation, L places #4 of the 10 assets tracked against ACIC. The last year tells two different stories: L led by 20.5 percentage points, -6.3% for ACIC against +14.2% for L. Note the risk asymmetry: ACIC runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ACIC vs L: side by side
| ACIC (American Coastal Insurance Corporation) | L (Loews Corporation) | |
|---|---|---|
| 1-year return | -6.3% | +14.2% |
| 5-year return | +184.8% | +100.1% |
| Volatility (ann.) | 33.6% | 16.6% |
| Beta vs S&P 500 | 0.49 | 0.33 |
| Max drawdown (3Y) | -32.8% | -12.2% |
| Market cap | $0.4B | $22.5B |
| P/E (trailing) | 4.7 | 13.5 |
| Dividend yield | 0.00% | 0.23% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ACIC | L |
|---|---|---|
| 2022 | -75.1% | +1.4% |
| 2023 | +792.5% | +19.8% |
| 2024 | +42.3% | +22.1% |
| 2025 | -2.5% | +24.7% |
| 2026 | -20.6% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACIC and L good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACIC and L?
The ACIC/L correlation stands at 0.38 on a 3-year window (1 year: 0.53, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is L a good diversifier for ACIC?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/acic-vs-l.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acic-vs-l/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACIC correlations · L correlations
