CB vs L: Correlation
Measured on weekly returns over the past three years, Chubb Limited (CB) and Loews Corporation (L) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CB and L?
Over the past 3 years, CB and L moved with a correlation of 0.75, which is strong. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 220.9 %².
Few assets follow CB as closely as L, which ranks #1 of 37 tracked partners. On 12-month performance CB holds a 10.5-point edge, +24.7% against +14.2%. The link looks structural: the rolling one-year correlation barely moved, holding between 0.64 and 0.79.
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.
CB vs L: side by side
| CB (Chubb Limited) | L (Loews Corporation) | |
|---|---|---|
| 1-year return | +24.7% | +14.2% |
| 5-year return | +96.8% | +100.1% |
| Volatility (ann.) | 17.7% | 16.6% |
| Beta vs S&P 500 | 0.17 | 0.33 |
| Max drawdown (3Y) | -14.4% | -12.2% |
| Market cap | $130.5B | $22.5B |
| P/E (trailing) | 12.2 | 13.5 |
| Dividend yield | 1.14% | 0.23% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | CB | L |
|---|---|---|
| 2022 | +16.0% | +1.4% |
| 2023 | +4.2% | +19.8% |
| 2024 | +23.9% | +22.1% |
| 2025 | +13.7% | +24.7% |
| 2026 | +9.1% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CB and L good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CB and L?
As of 2026-08-27, the correlation of weekly returns between CB and L is 0.75 over 3 years, 0.78 over 1 year and 0.74 over 5 years.
Is L a good diversifier for CB?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 mean?
A reading of 0.75 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/cb-vs-l.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cb-vs-l/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CB correlations · L correlations
