BRO vs KNSL: Correlation
Measured on weekly returns over the past three years, Brown & Brown (BRO) and Kinsale Capital Group, Inc. (KNSL) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRO and KNSL?
On 3 years of weekly data the BRO/KNSL correlation comes out at 0.50, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.67 versus 0.50 over 3 years. The 5-year figure is 0.44, and annualized covariance runs at 455.6 %².
By 3-year correlation, KNSL places #14 of the 35 assets tracked against BRO. Over the last 12 months KNSL came out ahead by 9.1 percentage points (-25.0% against -15.9%). One caveat on sizing: KNSL is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BRO vs KNSL: side by side
| BRO (Brown & Brown) | KNSL (Kinsale Capital Group, Inc.) | |
|---|---|---|
| 1-year return | -25.0% | -15.9% |
| 5-year return | +27.5% | +110.8% |
| Volatility (ann.) | 24.4% | 37.5% |
| Beta vs S&P 500 | 0.39 | 0.36 |
| Max drawdown (3Y) | -55.8% | -46.8% |
| Market cap | $23.9B | $8.7B |
| P/E (trailing) | 23.3 | 15.7 |
| Dividend yield | 0.89% | 0.22% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BRO | KNSL |
|---|---|---|
| 2022 | -18.4% | +10.2% |
| 2023 | +25.7% | +28.3% |
| 2024 | +44.3% | +39.1% |
| 2025 | -21.4% | -15.8% |
| 2026 | -9.7% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRO and KNSL good diversifiers for each other?
To a limited degree. At 0.50 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 BRO and KNSL?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.67 over the last year and 0.44 over 5 years.
Is KNSL a good diversifier for BRO?
To a limited degree. At 0.50 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 0.50 mean?
On the −1 to +1 scale, 0.50 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/bro-vs-knsl.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bro-vs-knsl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BRO correlations · KNSL correlations
