ERIE vs RYAN: Correlation
How closely do Erie Indemnity (ERIE) and Ryan Specialty Holdings, Inc. (RYAN) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERIE and RYAN?
Across a 3-year window, the weekly returns of ERIE and RYAN correlate at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 435.7 %².
Among the 33 assets we track against ERIE, RYAN ranks #8 by 3-year correlation. Twelve-month performance is nearly a tie, at -24.5% for ERIE and -23.3% for RYAN.
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 RYAN: side by side
| ERIE (Erie Indemnity) | RYAN (Ryan Specialty Holdings, Inc.) | |
|---|---|---|
| 1-year return | -24.5% | -23.3% |
| 5-year return | +61.3% | +36.6% |
| Volatility (ann.) | 30.3% | 33.3% |
| Beta vs S&P 500 | 0.37 | 0.36 |
| Max drawdown (3Y) | -60.9% | -60.9% |
| Market cap | $13.6B | $17.0B |
| P/E (trailing) | 23.4 | 58.8 |
| Dividend yield | 2.24% | 1.16% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ERIE | RYAN |
|---|---|---|
| 2022 | +32.0% | +2.9% |
| 2023 | +37.3% | +3.6% |
| 2024 | +24.7% | +50.9% |
| 2025 | -29.4% | -18.9% |
| 2026 | -8.0% | -14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERIE and RYAN good diversifiers for each other?
Reasonably. At 0.43, ERIE and RYAN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ERIE and RYAN?
As of 2026-08-27, the correlation of weekly returns between ERIE and RYAN is 0.43 over 3 years, 0.35 over 1 year and 0.35 over 5 years.
Is RYAN a good diversifier for ERIE?
Reasonably. At 0.43, ERIE and RYAN 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/erie-vs-ryan.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/erie-vs-ryan/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ERIE correlations · RYAN correlations
