EG vs L: Correlation
Measured on weekly returns over the past three years, Everest Group (EG) and Loews Corporation (L) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EG and L?
On 3 years of weekly data the EG/L correlation comes out at 0.55, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.55 over 3. The 5-year figure is 0.59, and annualized covariance runs at 204.4 %².
Few assets follow EG as closely as L, which ranks #3 of 30 tracked partners. Their 12-month results are close: +11.3% for EG against +14.2% for L. Across three years, the rolling one-year figure varied moderately, from 0.35 to 0.67.
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.
EG vs L: side by side
| EG (Everest Group) | L (Loews Corporation) | |
|---|---|---|
| 1-year return | +11.3% | +14.2% |
| 5-year return | +57.2% | +100.1% |
| Volatility (ann.) | 22.2% | 16.6% |
| Beta vs S&P 500 | 0.28 | 0.33 |
| Max drawdown (3Y) | -23.8% | -12.2% |
| Market cap | $14.5B | $22.5B |
| P/E (trailing) | 8.0 | 13.5 |
| Dividend yield | 2.11% | 0.23% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | EG | L |
|---|---|---|
| 2022 | +23.7% | +1.4% |
| 2023 | +8.7% | +19.8% |
| 2024 | +4.6% | +22.1% |
| 2025 | -5.3% | +24.7% |
| 2026 | +12.7% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EG and L good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EG and L?
The EG/L correlation stands at 0.55 on a 3-year window (1 year: 0.51, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is L a good diversifier for EG?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/eg-vs-l.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eg-vs-l/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EG correlations · L correlations
