DGICA vs KOS: Correlation
Donegal Group, Inc. (DGICA) and Kosmos Energy Ltd. (KOS) show a negative relationship: their 3-year correlation of weekly returns is -0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGICA and KOS?
Across a 3-year window, the weekly returns of DGICA and KOS correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.24). Stretching to 5 years gives -0.13, with an annualized covariance of -380.0 %².
KOS is close to the least connected end of DGICA's tracked universe, ranking #10 of 12. Correlation aside, the last 12 months split them widely, with KOS ahead by 44.2 points (+12.6% versus +56.8%). Note the risk asymmetry: KOS runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 KOS: side by side
| DGICA (Donegal Group, Inc.) | KOS (Kosmos Energy Ltd.) | |
|---|---|---|
| 1-year return | +12.6% | +56.8% |
| 5-year return | +57.1% | +24.8% |
| Volatility (ann.) | 23.2% | 67.5% |
| Beta vs S&P 500 | 0.18 | 0.59 |
| Max drawdown (3Y) | -20.4% | -89.4% |
| Market cap | $0.7B | $1.7B |
| P/E (trailing) | 9.9 | – |
| Dividend yield | 3.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DGICA | KOS |
|---|---|---|
| 2022 | +4.0% | +83.8% |
| 2023 | +3.2% | +5.5% |
| 2024 | +15.9% | -49.0% |
| 2025 | +34.7% | -73.4% |
| 2026 | -2.0% | +215.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGICA and KOS good diversifiers for each other?
Yes. With a correlation of -0.24, DGICA and KOS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DGICA and KOS?
The DGICA/KOS correlation stands at -0.24 on a 3-year window (1 year: -0.34, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is KOS a good diversifier for DGICA?
Yes. With a correlation of -0.24, DGICA and KOS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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
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Related comparisons
Hubs: DGICA correlations · KOS correlations
