GL vs PERI: Correlation
How closely do Globe Life (GL) and Perion Network Ltd (PERI) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GL and PERI?
Over the past 3 years, GL and PERI moved with a correlation of 0.42, which is moderate. The past 12 months show a weaker link (0.11) than the 3-year average (0.42). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 740.3 %².
By 3-year correlation, PERI places #8 of the 30 assets tracked against GL. Correlation aside, the last 12 months split them widely, with GL ahead by 22.4 points (+26.1% versus +3.7%).
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 PERI: side by side
| GL (Globe Life) | PERI (Perion Network Ltd) | |
|---|---|---|
| 1-year return | +26.1% | +3.7% |
| 5-year return | +91.0% | -54.1% |
| Volatility (ann.) | 35.7% | 48.9% |
| Beta vs S&P 500 | 0.60 | 1.06 |
| Max drawdown (3Y) | -61.6% | -80.1% |
| Market cap | $13.5B | $0.4B |
| P/E (trailing) | 11.7 | – |
| Dividend yield | 0.68% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GL | PERI |
|---|---|---|
| 2022 | +29.7% | +5.2% |
| 2023 | +1.8% | +22.0% |
| 2024 | -7.5% | -72.6% |
| 2025 | +26.5% | +13.1% |
| 2026 | +26.5% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GL and PERI good diversifiers for each other?
Reasonably. At 0.42, GL and PERI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GL and PERI?
As of 2026-08-27, the correlation of weekly returns between GL and PERI is 0.42 over 3 years, 0.11 over 1 year and 0.34 over 5 years.
Is PERI a good diversifier for GL?
Reasonably. At 0.42, GL and PERI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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-peri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gl-vs-peri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GL correlations · PERI correlations
