DEC vs GBLI: Correlation
How closely do Diversified Energy Company (DEC) and Global Indemnity Group, LLC - Class A (GBLI) trade together? Their weekly returns over three years give a correlation of -0.39, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DEC and GBLI?
On 3 years of weekly data the DEC/GBLI correlation comes out at -0.39, 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 (-0.39). The 5-year figure is n/a, and annualized covariance runs at nan %².
Among the 27 assets we track against DEC, GBLI sits near the bottom by co-movement, at rank #26. Twelve-month performance is nearly a tie, at -0.7% for DEC and +3.8% for GBLI.
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.
DEC vs GBLI: side by side
| DEC (Diversified Energy Company) | GBLI (Global Indemnity Group, LLC - Class A) | |
|---|---|---|
| 1-year return | -0.7% | +3.8% |
| 5-year return | n/a | +37.0% |
| Volatility (ann.) | n/a | 22.2% |
| Beta vs S&P 500 | nan | 0.09 |
| Max drawdown (3Y) | -36.6% | -28.4% |
| Market cap | $1.0B | $0.4B |
| P/E (trailing) | 2.5 | 12.1 |
| Dividend yield | 7.77% | 4.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DEC | GBLI |
|---|---|---|
| 2022 | – | -3.4% |
| 2023 | +inf% | +42.8% |
| 2024 | +30.4% | +16.6% |
| 2025 | -4.7% | -17.6% |
| 2026 | +8.5% | +4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DEC and GBLI good diversifiers for each other?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
FAQ
What is the correlation between DEC and GBLI?
Using weekly returns as of 2026-08-27: -0.39 over 3 years, with -0.18 over the last year and n/a over 5 years.
Is GBLI a good diversifier for DEC?
By historical standards, yes. A correlation of -0.39 means the two rarely move for the same reasons.
What does a correlation of -0.39 mean?
On the −1 to +1 scale, -0.39 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/dec-vs-gbli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dec-vs-gbli/)
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Related comparisons
Hubs: DEC correlations · GBLI correlations
