GL vs L: Correlation
Measured on weekly returns over the past three years, Globe Life (GL) and Loews Corporation (L) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GL and L?
Across a 3-year window, the weekly returns of GL and L correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 246.7 %².
Within GL's tracked universe of 30 assets, L comes in at #7 by 3-year correlation. The trailing year gives GL the advantage: +26.1% versus +14.2%, a 11.9-point spread. Across three years, the rolling one-year figure varied moderately, from 0.39 to 0.84. Note the risk asymmetry: GL runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 L: side by side
| GL (Globe Life) | L (Loews Corporation) | |
|---|---|---|
| 1-year return | +26.1% | +14.2% |
| 5-year return | +91.0% | +100.1% |
| Volatility (ann.) | 35.7% | 16.6% |
| Beta vs S&P 500 | 0.60 | 0.33 |
| Max drawdown (3Y) | -61.6% | -12.2% |
| Market cap | $13.5B | $22.5B |
| P/E (trailing) | 11.7 | 13.5 |
| Dividend yield | 0.68% | 0.23% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | GL | L |
|---|---|---|
| 2022 | +29.7% | +1.4% |
| 2023 | +1.8% | +19.8% |
| 2024 | -7.5% | +22.1% |
| 2025 | +26.5% | +24.7% |
| 2026 | +26.5% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GL and L good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GL and L?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.45 over the last year and 0.50 over 5 years.
Is L a good diversifier for GL?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 mean?
A reading of 0.42 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/gl-vs-l.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gl-vs-l/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GL correlations · L correlations
