GBLI vs TDF: Correlation
Global Indemnity Group, LLC - Class A (GBLI) and Templeton Dragon Fund, Inc. (TDF) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBLI and TDF?
Across a 3-year window, the weekly returns of GBLI and TDF correlate at 0.26, weak. Recent behaviour matches the longer record: 0.30 over 1 year against 0.26 over 3. Stretching to 5 years gives 0.09, with an annualized covariance of 126.9 %².
Among the 20 assets we track against GBLI, TDF ranks #5 by 3-year correlation. Their 12-month results are close: +3.8% for GBLI against +3.4% for TDF.
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 TDF: side by side
| GBLI (Global Indemnity Group, LLC - Class A) | TDF (Templeton Dragon Fund, Inc.) | |
|---|---|---|
| 1-year return | +3.8% | +3.4% |
| 5-year return | +37.0% | -29.3% |
| Volatility (ann.) | 22.2% | 22.2% |
| Beta vs S&P 500 | 0.09 | 0.64 |
| Max drawdown (3Y) | -28.4% | -22.2% |
| Market cap | $0.4B | $0.3B |
| P/E (trailing) | 12.1 | 3.6 |
| Dividend yield | 4.89% | 3.68% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GBLI | TDF |
|---|---|---|
| 2022 | -3.4% | -32.9% |
| 2023 | +42.8% | -20.1% |
| 2024 | +16.6% | +5.5% |
| 2025 | -17.6% | +37.7% |
| 2026 | +4.9% | -1.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBLI and TDF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GBLI and TDF?
As of 2026-08-27, the correlation of weekly returns between GBLI and TDF is 0.26 over 3 years, 0.30 over 1 year and 0.09 over 5 years.
Is TDF a good diversifier for GBLI?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: GBLI correlations · TDF correlations
