GLRE vs RZLV: Correlation
How closely do Greenlight Reinsurance, Ltd. - Class A (GLRE) and Rezolve AI PLC (RZLV) 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 GLRE and RZLV?
Over the past 3 years, GLRE and RZLV moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.26 over 3. Over 5 years the correlation is -0.20, and the annualized covariance of weekly returns is -682.2 %².
Out of 11 assets tracked against GLRE, RZLV lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months GLRE outperformed by 24.1 percentage points (+18.6% for GLRE against -5.5% for RZLV). One caveat on sizing: RZLV 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.
GLRE vs RZLV: side by side
| GLRE (Greenlight Reinsurance, Ltd. - Class A) | RZLV (Rezolve AI PLC) | |
|---|---|---|
| 1-year return | +18.6% | -5.5% |
| 5-year return | +84.1% | -69.8% |
| Volatility (ann.) | 24.0% | 109.1% |
| Beta vs S&P 500 | 0.33 | 1.36 |
| Max drawdown (3Y) | -22.8% | -91.8% |
| Market cap | $0.5B | $1.2B |
| P/E (trailing) | 10.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLRE | RZLV |
|---|---|---|
| 2022 | +4.0% | +3.4% |
| 2023 | +40.1% | +6.4% |
| 2024 | +22.6% | -64.5% |
| 2025 | +4.1% | -32.7% |
| 2026 | +5.7% | +14.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLRE and RZLV 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 GLRE and RZLV?
The GLRE/RZLV correlation stands at -0.26 on a 3-year window (1 year: -0.29, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is RZLV a good diversifier for GLRE?
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?
On the −1 to +1 scale, -0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/glre-vs-rzlv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glre-vs-rzlv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GLRE correlations · RZLV correlations
