IGIC vs LGL: Correlation
Measured on weekly returns over the past three years, International General Insurance Holdings Ltd. (IGIC) and LGL Group, Inc. (The) (LGL) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IGIC and LGL?
On 3 years of weekly data the IGIC/LGL correlation comes out at 0.26, weak. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.26 over 3 years. The 5-year figure is 0.21, and annualized covariance runs at 241.2 %².
Out of 12 assets tracked against IGIC, LGL lands near the bottom at #8. Twelve-month performance is nearly a tie, at +15.8% for IGIC and +15.0% for LGL.
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.
IGIC vs LGL: side by side
| IGIC (International General Insurance Holdings Ltd.) | LGL (LGL Group, Inc. (The)) | |
|---|---|---|
| 1-year return | +15.8% | +15.0% |
| 5-year return | +246.3% | +78.3% |
| Volatility (ann.) | 28.5% | 32.1% |
| Beta vs S&P 500 | 0.53 | 0.18 |
| Max drawdown (3Y) | -18.2% | -27.2% |
| Market cap | $1.1B | $0.1B |
| P/E (trailing) | 10.7 | – |
| Dividend yield | 1.31% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IGIC | LGL |
|---|---|---|
| 2022 | +1.6% | -5.8% |
| 2023 | +61.7% | +51.6% |
| 2024 | +92.4% | -2.8% |
| 2025 | +13.8% | -3.7% |
| 2026 | +12.7% | +28.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IGIC and LGL good diversifiers for each other?
Reasonably. At 0.26, IGIC and LGL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between IGIC and LGL?
The IGIC/LGL correlation stands at 0.26 on a 3-year window (1 year: 0.10, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is LGL a good diversifier for IGIC?
Reasonably. At 0.26, IGIC and LGL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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
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Related comparisons
Hubs: IGIC correlations · LGL correlations
