GBLI vs ORLY: Correlation
How closely do Global Indemnity Group, LLC - Class A (GBLI) and O'Reilly Automotive (ORLY) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBLI and ORLY?
Across a 3-year window, the weekly returns of GBLI and ORLY correlate at -0.21, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.21 over 3. Stretching to 5 years gives -0.01, with an annualized covariance of -92.5 %².
Among the 20 assets we track against GBLI, ORLY ranks #12 by 3-year correlation. The last year tells two different stories: GBLI led by 19.4 percentage points, +3.8% for GBLI against -15.6% for ORLY.
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.
GBLI vs ORLY: side by side
| GBLI (Global Indemnity Group, LLC - Class A) | ORLY (O'Reilly Automotive) | |
|---|---|---|
| 1-year return | +3.8% | -15.6% |
| 5-year return | +37.0% | +120.8% |
| Volatility (ann.) | 22.2% | 19.8% |
| Beta vs S&P 500 | 0.09 | 0.20 |
| Max drawdown (3Y) | -28.4% | -23.3% |
| Market cap | $0.4B | $71.1B |
| P/E (trailing) | 12.1 | 28.4 |
| Dividend yield | 4.89% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | GBLI | ORLY |
|---|---|---|
| 2022 | -3.4% | +19.5% |
| 2023 | +42.8% | +12.6% |
| 2024 | +16.6% | +24.8% |
| 2025 | -17.6% | +15.4% |
| 2026 | +4.9% | -3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBLI and ORLY good diversifiers for each other?
Yes. With a correlation of -0.21, GBLI and ORLY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GBLI and ORLY?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.26 over the last year and -0.01 over 5 years.
Is ORLY a good diversifier for GBLI?
Yes. With a correlation of -0.21, GBLI and ORLY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/gbli-vs-orly.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gbli-vs-orly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GBLI correlations · ORLY correlations
