BOC vs GBLI: Correlation
Boston Omaha Corporation (BOC) and Global Indemnity Group, LLC - Class A (GBLI) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOC and GBLI?
On 3 years of weekly data the BOC/GBLI correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.17) sits close to the 3-year figure. The 5-year figure is -0.06, and annualized covariance runs at -123.9 %².
Out of 12 assets tracked against BOC, GBLI lands near the bottom at #10. Neither side won the trailing year by much: +1.5% against +3.8%.
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.
BOC vs GBLI: side by side
| BOC (Boston Omaha Corporation) | GBLI (Global Indemnity Group, LLC - Class A) | |
|---|---|---|
| 1-year return | +1.5% | +3.8% |
| 5-year return | -60.8% | +37.0% |
| Volatility (ann.) | 29.8% | 22.2% |
| Beta vs S&P 500 | 0.31 | 0.09 |
| Max drawdown (3Y) | -37.4% | -28.4% |
| Market cap | $0.4B | $0.4B |
| P/E (trailing) | – | 12.1 |
| Dividend yield | 0.00% | 4.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOC | GBLI |
|---|---|---|
| 2022 | -7.8% | -3.4% |
| 2023 | -40.6% | +42.8% |
| 2024 | -9.9% | +16.6% |
| 2025 | -12.8% | -17.6% |
| 2026 | +11.2% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOC and GBLI good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between BOC and GBLI?
As of 2026-08-27, the correlation of weekly returns between BOC and GBLI is -0.19 over 3 years, -0.17 over 1 year and -0.06 over 5 years.
Is GBLI a good diversifier for BOC?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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/boc-vs-gbli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/boc-vs-gbli/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BOC correlations · GBLI correlations
