BRO vs RLI: Correlation
How closely do Brown & Brown (BRO) and RLI Corp. (RLI) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRO and RLI?
Over the past 3 years, BRO and RLI moved with a correlation of 0.56, which is moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 305.5 %².
Among the 35 assets we track against BRO, RLI ranks #7 by 3-year correlation. The last year tells two different stories: RLI led by 26.9 percentage points, -25.0% for BRO against +1.9% for RLI.
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 RLI: side by side
| BRO (Brown & Brown) | RLI (RLI Corp.) | |
|---|---|---|
| 1-year return | -25.0% | +1.9% |
| 5-year return | +27.5% | +46.7% |
| Volatility (ann.) | 24.4% | 22.2% |
| Beta vs S&P 500 | 0.39 | 0.18 |
| Max drawdown (3Y) | -55.8% | -43.5% |
| Market cap | $23.9B | $5.9B |
| P/E (trailing) | 23.3 | 13.5 |
| Dividend yield | 0.89% | 1.02% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BRO | RLI |
|---|---|---|
| 2022 | -18.4% | +24.8% |
| 2023 | +25.7% | +3.8% |
| 2024 | +44.3% | +27.6% |
| 2025 | -21.4% | -19.1% |
| 2026 | -9.7% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRO and RLI good diversifiers for each other?
Only partially. A correlation of 0.56 means BRO and RLI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BRO and RLI?
As of 2026-08-27, the correlation of weekly returns between BRO and RLI is 0.56 over 3 years, 0.55 over 1 year and 0.47 over 5 years.
Is RLI a good diversifier for BRO?
Only partially. A correlation of 0.56 means BRO and RLI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 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/bro-vs-rli.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bro-vs-rli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRO correlations · RLI correlations
