GL vs STEX: Correlation
How closely do Globe Life (GL) and Streamex Corp. (STEX) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GL and STEX?
Over the past 3 years, GL and STEX moved with a correlation of -0.26, 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 -0.26 over 3 years. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -1725.4 %².
Within GL's tracked universe of 30 assets, STEX comes in at #20 by 3-year correlation. The last year tells two different stories: GL led by 108.8 percentage points, +26.1% for GL against -82.7% for STEX. Risk is not evenly split, since STEX carries 5.3 times the volatility of the other side.
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 STEX: side by side
| GL (Globe Life) | STEX (Streamex Corp.) | |
|---|---|---|
| 1-year return | +26.1% | -82.7% |
| 5-year return | +91.0% | -97.3% |
| Volatility (ann.) | 35.7% | 188.3% |
| Beta vs S&P 500 | 0.60 | 1.71 |
| Max drawdown (3Y) | -61.6% | -96.0% |
| Market cap | $13.5B | $0.2B |
| P/E (trailing) | 11.7 | – |
| Dividend yield | 0.68% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | GL | STEX |
|---|---|---|
| 2022 | +29.7% | -81.2% |
| 2023 | +1.8% | +13.1% |
| 2024 | -7.5% | -68.6% |
| 2025 | +26.5% | +103.4% |
| 2026 | +26.5% | -72.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GL and STEX good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GL and STEX?
The GL/STEX correlation stands at -0.26 on a 3-year window (1 year: 0.07, 5 years: -0.18), computed from weekly returns as of 2026-08-27.
Is STEX a good diversifier for GL?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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-stex.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gl-vs-stex/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GL correlations · STEX correlations
