GL vs GNW: Correlation
How closely do Globe Life (GL) and Genworth Financial Inc (GNW) 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 GL and GNW?
Over the past 3 years, GL and GNW moved with a correlation of 0.43, which is moderate. The link has tightened recently: the 1-year correlation (0.56) runs above the 3-year figure (0.43). Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 430.6 %².
Among the 30 assets we track against GL, GNW ranks #6 by 3-year correlation. Over the last 12 months GL came out ahead by 11.6 percentage points (+26.1% against +14.5%).
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.
GL vs GNW: side by side
| GL (Globe Life) | GNW (Genworth Financial Inc) | |
|---|---|---|
| 1-year return | +26.1% | +14.5% |
| 5-year return | +91.0% | +172.1% |
| Volatility (ann.) | 35.7% | 28.1% |
| Beta vs S&P 500 | 0.60 | 0.59 |
| Max drawdown (3Y) | -61.6% | -21.7% |
| Market cap | $13.5B | $3.8B |
| P/E (trailing) | 11.7 | 19.5 |
| Dividend yield | 0.68% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GL | GNW |
|---|---|---|
| 2022 | +29.7% | +30.6% |
| 2023 | +1.8% | +26.3% |
| 2024 | -7.5% | +4.6% |
| 2025 | +26.5% | +29.2% |
| 2026 | +26.5% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GL and GNW good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GL and GNW?
The GL/GNW correlation stands at 0.43 on a 3-year window (1 year: 0.56, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is GNW a good diversifier for GL?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gl-vs-gnw.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GL correlations · GNW correlations
