GL vs RENT: Correlation
Globe Life (GL) and Rent the Runway, Inc. (RENT) show a negative relationship: their 3-year correlation of weekly returns is -0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GL and RENT?
Across a 3-year window, the weekly returns of GL and RENT correlate at -0.60, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.18) than the 3-year average (-0.60). Stretching to 5 years gives -0.48, with an annualized covariance of -4562.0 %².
Out of 30 assets tracked against GL, RENT lands near the bottom at #30. The last year tells two different stories: GL led by 61.9 percentage points, +26.1% for GL against -35.8% for RENT. Note the risk asymmetry: RENT runs 5.9 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 RENT: side by side
| GL (Globe Life) | RENT (Rent the Runway, Inc.) | |
|---|---|---|
| 1-year return | +26.1% | -35.8% |
| 5-year return | +91.0% | -99.1% |
| Volatility (ann.) | 35.7% | 212.1% |
| Beta vs S&P 500 | 0.60 | 2.17 |
| Max drawdown (3Y) | -61.6% | -91.6% |
| Market cap | $13.5B | $0.1B |
| P/E (trailing) | 11.7 | 0.5 |
| Dividend yield | 0.68% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GL | RENT |
|---|---|---|
| 2022 | +29.7% | -62.6% |
| 2023 | +1.8% | -82.7% |
| 2024 | -7.5% | -19.5% |
| 2025 | +26.5% | -6.9% |
| 2026 | +26.5% | -54.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GL and RENT good diversifiers for each other?
Yes. With a correlation of -0.60, GL and RENT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GL and RENT?
As of 2026-08-27, the correlation of weekly returns between GL and RENT is -0.60 over 3 years, 0.18 over 1 year and -0.48 over 5 years.
Is RENT a good diversifier for GL?
Yes. With a correlation of -0.60, GL and RENT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.60 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-rent.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gl-vs-rent/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GL correlations · RENT correlations
