EIG vs L: Correlation
How closely do Employers Holdings Inc (EIG) and Loews Corporation (L) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIG and L?
On 3 years of weekly data the EIG/L correlation comes out at 0.59, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.45 versus 0.59 over 3 years. The 5-year figure is 0.53, and annualized covariance runs at 222.7 %².
Few assets follow EIG as closely as L, which ranks #1 of 19 tracked partners. Their 12-month results are close: +16.7% for EIG against +14.2% for L.
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.
EIG vs L: side by side
| EIG (Employers Holdings Inc) | L (Loews Corporation) | |
|---|---|---|
| 1-year return | +16.7% | +14.2% |
| 5-year return | +43.2% | +100.1% |
| Volatility (ann.) | 22.8% | 16.6% |
| Beta vs S&P 500 | 0.32 | 0.33 |
| Max drawdown (3Y) | -31.3% | -12.2% |
| Market cap | $0.9B | $22.5B |
| P/E (trailing) | 62.1 | 13.5 |
| Dividend yield | 2.64% | 0.23% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | EIG | L |
|---|---|---|
| 2022 | +12.6% | +1.4% |
| 2023 | -6.1% | +19.8% |
| 2024 | +33.4% | +22.1% |
| 2025 | -13.3% | +24.7% |
| 2026 | +16.2% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIG and L good diversifiers for each other?
To a limited degree. At 0.59 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 EIG and L?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.45 over the last year and 0.53 over 5 years.
Is L a good diversifier for EIG?
To a limited degree. At 0.59 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 0.59 mean?
On the −1 to +1 scale, 0.59 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/eig-vs-l.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eig-vs-l/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EIG correlations · L correlations
