ESNT vs GNW: Correlation
Measured on weekly returns over the past three years, Essent Group Ltd. (ESNT) and Genworth Financial Inc (GNW) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESNT and GNW?
On 3 years of weekly data the ESNT/GNW correlation comes out at 0.62, strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.62 over 3. The 5-year figure is 0.63, and annualized covariance runs at 375.8 %².
Within ESNT's tracked universe of 13 assets, GNW comes in at #5 by 3-year correlation. Twelve-month performance is nearly a tie, at +10.2% for ESNT and +14.5% for GNW.
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.
ESNT vs GNW: side by side
| ESNT (Essent Group Ltd.) | GNW (Genworth Financial Inc) | |
|---|---|---|
| 1-year return | +10.2% | +14.5% |
| 5-year return | +62.5% | +172.1% |
| Volatility (ann.) | 21.4% | 28.1% |
| Beta vs S&P 500 | 0.57 | 0.59 |
| Max drawdown (3Y) | -18.4% | -21.7% |
| Market cap | $6.2B | $3.8B |
| P/E (trailing) | 9.7 | 19.5 |
| Dividend yield | 1.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESNT | GNW |
|---|---|---|
| 2022 | -12.8% | +30.6% |
| 2023 | +38.6% | +26.3% |
| 2024 | +5.2% | +4.6% |
| 2025 | +20.7% | +29.2% |
| 2026 | +7.9% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESNT and GNW good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ESNT and GNW?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.66 over the last year and 0.63 over 5 years.
Is GNW a good diversifier for ESNT?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/esnt-vs-gnw.json
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Related comparisons
Hubs: ESNT correlations · GNW correlations
