EIG vs ORI: Correlation
Measured on weekly returns over the past three years, Employers Holdings Inc (EIG) and Old Republic International Corporation (ORI) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIG and ORI?
Over the past 3 years, EIG and ORI moved with a correlation of 0.59, which is moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 284.1 %².
Few assets follow EIG as closely as ORI, which ranks #2 of 19 tracked partners. Twelve-month performance is nearly a tie, at +16.7% for EIG and +15.0% for ORI.
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 ORI: side by side
| EIG (Employers Holdings Inc) | ORI (Old Republic International Corporation) | |
|---|---|---|
| 1-year return | +16.7% | +15.0% |
| 5-year return | +43.2% | +137.4% |
| Volatility (ann.) | 22.8% | 21.1% |
| Beta vs S&P 500 | 0.32 | 0.28 |
| Max drawdown (3Y) | -31.3% | -16.2% |
| Market cap | $0.9B | $10.2B |
| P/E (trailing) | 62.1 | 9.3 |
| Dividend yield | 2.64% | 2.85% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EIG | ORI |
|---|---|---|
| 2022 | +12.6% | +6.7% |
| 2023 | -6.1% | +26.3% |
| 2024 | +33.4% | +27.1% |
| 2025 | -13.3% | +37.5% |
| 2026 | +16.2% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIG and ORI good diversifiers for each other?
Only partially. A correlation of 0.59 means EIG and ORI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EIG and ORI?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.59 over the last year and 0.54 over 5 years.
Is ORI a good diversifier for EIG?
Only partially. A correlation of 0.59 means EIG and ORI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
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-ori.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eig-vs-ori/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EIG correlations · ORI correlations
