DGICA vs LVLU: Correlation
How closely do Donegal Group, Inc. (DGICA) and Lulu's Fashion Lounge Holdings, Inc. (LVLU) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DGICA and LVLU?
Over the past 3 years, DGICA and LVLU moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -522.6 %².
Among the 12 assets we track against DGICA, LVLU sits near the bottom by co-movement, at rank #8. The last year tells two different stories: LVLU led by 168.2 percentage points, +12.6% for DGICA against +180.8% for LVLU. One caveat on sizing: LVLU is 4.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 LVLU: side by side
| DGICA (Donegal Group, Inc.) | LVLU (Lulu's Fashion Lounge Holdings, Inc.) | |
|---|---|---|
| 1-year return | +12.6% | +180.8% |
| 5-year return | +57.1% | -93.3% |
| Volatility (ann.) | 23.2% | 113.3% |
| Beta vs S&P 500 | 0.18 | 0.34 |
| Max drawdown (3Y) | -20.4% | -92.1% |
| Market cap | $0.7B | – |
| P/E (trailing) | 9.9 | – |
| Dividend yield | 3.87% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DGICA | LVLU |
|---|---|---|
| 2022 | +4.0% | -75.5% |
| 2023 | +3.2% | -25.9% |
| 2024 | +15.9% | -39.2% |
| 2025 | +34.7% | -69.2% |
| 2026 | -2.0% | +152.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DGICA and LVLU good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DGICA and LVLU?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.25 over the last year and -0.03 over 5 years.
Is LVLU a good diversifier for DGICA?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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-lvlu.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dgica-vs-lvlu/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DGICA correlations · LVLU correlations
