GBLI vs SXT: Correlation
How closely do Global Indemnity Group, LLC - Class A (GBLI) and Sensient Technologies Corporation (SXT) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBLI and SXT?
Over the past 3 years, GBLI and SXT moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.37) runs below the 3-year figure (-0.23). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -172.7 %².
Among the 20 assets we track against GBLI, SXT sits near the bottom by co-movement, at rank #16. Their recent paths diverged sharply: over the last 12 months SXT outperformed by 15.7 percentage points (+3.8% for GBLI against +19.5% for SXT). Risk is not evenly split, since SXT carries 1.5 times the volatility of the other side.
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 SXT: side by side
| GBLI (Global Indemnity Group, LLC - Class A) | SXT (Sensient Technologies Corporation) | |
|---|---|---|
| 1-year return | +3.8% | +19.5% |
| 5-year return | +37.0% | +70.0% |
| Volatility (ann.) | 22.2% | 34.2% |
| Beta vs S&P 500 | 0.09 | 0.65 |
| Max drawdown (3Y) | -28.4% | -30.7% |
| Market cap | $0.4B | $5.7B |
| P/E (trailing) | 12.1 | 36.9 |
| Dividend yield | 4.89% | 1.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GBLI | SXT |
|---|---|---|
| 2022 | -3.4% | -25.6% |
| 2023 | +42.8% | -7.2% |
| 2024 | +16.6% | +10.5% |
| 2025 | -17.6% | +34.2% |
| 2026 | +4.9% | +43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBLI and SXT good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between GBLI and SXT?
As of 2026-08-27, the correlation of weekly returns between GBLI and SXT is -0.23 over 3 years, -0.37 over 1 year and -0.13 over 5 years.
Is SXT a good diversifier for GBLI?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/gbli-vs-sxt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gbli-vs-sxt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GBLI correlations · SXT correlations
