DGICA vs ITIC: Correlation
Measured on weekly returns over the past three years, Donegal Group, Inc. (DGICA) and Investors Title Company (ITIC) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGICA and ITIC?
On 3 years of weekly data the DGICA/ITIC correlation comes out at 0.51, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.64 versus 0.51 over 3 years. The 5-year figure is 0.40, and annualized covariance runs at 394.5 %².
Within DGICA's tracked universe of 12 assets, ITIC comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ITIC ahead by 15.3 points (+12.6% versus +27.9%).
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.
DGICA vs ITIC: side by side
| DGICA (Donegal Group, Inc.) | ITIC (Investors Title Company) | |
|---|---|---|
| 1-year return | +12.6% | +27.9% |
| 5-year return | +57.1% | +107.1% |
| Volatility (ann.) | 23.2% | 33.1% |
| Beta vs S&P 500 | 0.18 | 0.67 |
| Max drawdown (3Y) | -20.4% | -28.9% |
| Market cap | $0.7B | $0.6B |
| P/E (trailing) | 9.9 | 14.3 |
| Dividend yield | 3.87% | 0.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DGICA | ITIC |
|---|---|---|
| 2022 | +4.0% | -22.8% |
| 2023 | +3.2% | +14.3% |
| 2024 | +15.9% | +55.0% |
| 2025 | +34.7% | +9.7% |
| 2026 | -2.0% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGICA and ITIC good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DGICA and ITIC?
As of 2026-08-27, the correlation of weekly returns between DGICA and ITIC is 0.51 over 3 years, 0.64 over 1 year and 0.40 over 5 years.
Is ITIC a good diversifier for DGICA?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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/dgica-vs-itic.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dgica-vs-itic/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DGICA correlations · ITIC correlations
