DLR vs KNSL: Correlation
How closely do Digital Realty (DLR) and Kinsale Capital Group, Inc. (KNSL) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DLR and KNSL?
On 3 years of weekly data the DLR/KNSL correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.13) sits close to the 3-year figure. The 5-year figure is 0.02, and annualized covariance runs at -167.6 %².
By 3-year correlation, KNSL places #21 of the 30 assets tracked against DLR. Their recent paths diverged sharply: over the last 12 months DLR outperformed by 32.3 percentage points (+16.4% for DLR against -15.9% for KNSL).
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.
DLR vs KNSL: side by side
| DLR (Digital Realty) | KNSL (Kinsale Capital Group, Inc.) | |
|---|---|---|
| 1-year return | +16.4% | -15.9% |
| 5-year return | +40.3% | +110.8% |
| Volatility (ann.) | 27.1% | 37.5% |
| Beta vs S&P 500 | 0.73 | 0.36 |
| Max drawdown (3Y) | -29.4% | -46.8% |
| Market cap | $72.5B | $8.7B |
| P/E (trailing) | 94.2 | 15.7 |
| Dividend yield | 2.52% | 0.22% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | DLR | KNSL |
|---|---|---|
| 2022 | -41.0% | +10.2% |
| 2023 | +39.9% | +28.3% |
| 2024 | +35.9% | +39.1% |
| 2025 | -10.1% | -15.8% |
| 2026 | +25.8% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DLR and KNSL good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DLR and KNSL?
The DLR/KNSL correlation stands at -0.16 on a 3-year window (1 year: -0.13, 5 years: 0.02), computed from weekly returns as of 2026-08-27.
Is KNSL a good diversifier for DLR?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: DLR correlations · KNSL correlations
