AGO vs L: Correlation
How closely do Assured Guaranty Ltd. (AGO) and Loews Corporation (L) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGO and L?
Over the past 3 years, AGO and L moved with a correlation of 0.63, which is strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 224.1 %².
In AGO's tracked universe of 14 assets, L sits right near the top at #1. Correlation aside, the last 12 months split them widely, with L ahead by 20.4 points (-6.2% versus +14.2%).
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.
AGO vs L: side by side
| AGO (Assured Guaranty Ltd.) | L (Loews Corporation) | |
|---|---|---|
| 1-year return | -6.2% | +14.2% |
| 5-year return | +64.9% | +100.1% |
| Volatility (ann.) | 21.4% | 16.6% |
| Beta vs S&P 500 | 0.51 | 0.33 |
| Max drawdown (3Y) | -22.0% | -12.2% |
| Market cap | $3.3B | $22.5B |
| P/E (trailing) | 10.1 | 13.5 |
| Dividend yield | 1.90% | 0.23% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AGO | L |
|---|---|---|
| 2022 | +26.2% | +1.4% |
| 2023 | +22.5% | +19.8% |
| 2024 | +22.1% | +22.1% |
| 2025 | +0.6% | +24.7% |
| 2026 | -14.4% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGO and L good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AGO and L?
As of 2026-08-27, the correlation of weekly returns between AGO and L is 0.63 over 3 years, 0.69 over 1 year and 0.67 over 5 years.
Is L a good diversifier for AGO?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ago-vs-l.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ago-vs-l/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AGO correlations · L correlations
