BENF vs GL: Correlation
Beneficient (BENF) and Globe Life (GL) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BENF and GL?
Over the past 3 years, BENF and GL moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.18) runs above the 3-year figure (-0.29). Over 5 years the correlation is -0.27, and the annualized covariance of weekly returns is -1858.6 %².
GL is close to the least connected end of BENF's tracked universe, ranking #11 of 12. Their recent paths diverged sharply: over the last 12 months GL outperformed by 49.0 percentage points (-22.9% for BENF against +26.1% for GL). Risk is not evenly split, since BENF carries 4.9 times the volatility of the other side.
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.
BENF vs GL: side by side
| BENF (Beneficient) | GL (Globe Life) | |
|---|---|---|
| 1-year return | -22.9% | +26.1% |
| 5-year return | -100.0% | +91.0% |
| Volatility (ann.) | 176.6% | 35.7% |
| Beta vs S&P 500 | 1.25 | 0.60 |
| Max drawdown (3Y) | -99.9% | -61.6% |
| Market cap | – | $13.5B |
| P/E (trailing) | – | 11.7 |
| Dividend yield | 0.00% | 0.68% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BENF | GL |
|---|---|---|
| 2022 | +3.7% | +29.7% |
| 2023 | -95.3% | +1.8% |
| 2024 | -98.1% | -7.5% |
| 2025 | +18.0% | +26.5% |
| 2026 | -69.3% | +26.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BENF and GL good diversifiers for each other?
Yes. With a correlation of -0.29, BENF and GL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BENF and GL?
Using weekly returns as of 2026-08-27: -0.29 over 3 years, with -0.18 over the last year and -0.27 over 5 years.
Is GL a good diversifier for BENF?
Yes. With a correlation of -0.29, BENF and GL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
A reading of -0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/benf-vs-gl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/benf-vs-gl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BENF correlations · GL correlations
