ERIE vs KNSL: Correlation
Measured on weekly returns over the past three years, Erie Indemnity (ERIE) and Kinsale Capital Group, Inc. (KNSL) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERIE and KNSL?
On 3 years of weekly data the ERIE/KNSL correlation comes out at 0.43, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.43 over 3. The 5-year figure is 0.38, and annualized covariance runs at 484.5 %².
By 3-year correlation, KNSL places #7 of the 33 assets tracked against ERIE. The trailing year gives KNSL the advantage: -24.5% versus -15.9%, a 8.6-point spread.
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.
ERIE vs KNSL: side by side
| ERIE (Erie Indemnity) | KNSL (Kinsale Capital Group, Inc.) | |
|---|---|---|
| 1-year return | -24.5% | -15.9% |
| 5-year return | +61.3% | +110.8% |
| Volatility (ann.) | 30.3% | 37.5% |
| Beta vs S&P 500 | 0.37 | 0.36 |
| Max drawdown (3Y) | -60.9% | -46.8% |
| Market cap | $13.6B | $8.7B |
| P/E (trailing) | 23.4 | 15.7 |
| Dividend yield | 2.24% | 0.22% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ERIE | KNSL |
|---|---|---|
| 2022 | +32.0% | +10.2% |
| 2023 | +37.3% | +28.3% |
| 2024 | +24.7% | +39.1% |
| 2025 | -29.4% | -15.8% |
| 2026 | -8.0% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERIE and KNSL good diversifiers for each other?
Reasonably. At 0.43, ERIE and KNSL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ERIE and KNSL?
The ERIE/KNSL correlation stands at 0.43 on a 3-year window (1 year: 0.40, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is KNSL a good diversifier for ERIE?
Reasonably. At 0.43, ERIE and KNSL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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.
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Related comparisons
Hubs: ERIE correlations · KNSL correlations
