GL vs IZM: Correlation
Globe Life (GL) and ICZOOM Group Inc. - Class A (IZM) show a negative relationship: their 3-year correlation of weekly returns is -0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GL and IZM?
Over the past 3 years, GL and IZM moved with a correlation of -0.52, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.07 versus -0.52 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2941.5 %².
IZM is close to the least connected end of GL's tracked universe, ranking #29 of 30. The last year tells two different stories: GL led by 116.3 percentage points, +26.1% for GL against -90.2% for IZM. One caveat on sizing: IZM is 4.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 IZM: side by side
| GL (Globe Life) | IZM (ICZOOM Group Inc. - Class A) | |
|---|---|---|
| 1-year return | +26.1% | -90.2% |
| 5-year return | +91.0% | n/a |
| Volatility (ann.) | 35.7% | 159.2% |
| Beta vs S&P 500 | 0.60 | -0.15 |
| Max drawdown (3Y) | -61.6% | -99.5% |
| Market cap | $13.5B | – |
| P/E (trailing) | 11.7 | 2.5 |
| Dividend yield | 0.68% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GL | IZM |
|---|---|---|
| 2022 | +29.7% | – |
| 2023 | +1.8% | – |
| 2024 | -7.5% | -83.8% |
| 2025 | +26.5% | +50.3% |
| 2026 | +26.5% | -90.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GL and IZM good diversifiers for each other?
Yes. With a correlation of -0.52, GL and IZM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GL and IZM?
As of 2026-08-27, the correlation of weekly returns between GL and IZM is -0.52 over 3 years, -0.07 over 1 year and n/a over 5 years.
Is IZM a good diversifier for GL?
Yes. With a correlation of -0.52, GL and IZM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.52 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-izm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gl-vs-izm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GL correlations · IZM correlations
