III vs KWY: Correlation
Information Services Group, Inc. (III) and Kingsway Corporation (KWY) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are III and KWY?
Over the past 3 years, III and KWY moved with a correlation of 0.42, which is moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.42 over 3. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 605.0 %².
By 3-year correlation, KWY places #7 of the 16 assets tracked against III. The last year tells two different stories: III led by 34.9 percentage points, +5.6% for III against -29.3% for KWY.
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.
III vs KWY: side by side
| III (Information Services Group, Inc.) | KWY (Kingsway Corporation) | |
|---|---|---|
| 1-year return | +5.6% | -29.3% |
| 5-year return | -14.6% | +80.2% |
| Volatility (ann.) | 38.4% | 37.8% |
| Beta vs S&P 500 | 0.99 | 0.90 |
| Max drawdown (3Y) | -41.5% | -48.0% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 3.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | III | KWY |
|---|---|---|
| 2022 | -38.1% | +44.7% |
| 2023 | +6.2% | +5.9% |
| 2024 | -25.3% | -0.4% |
| 2025 | +79.8% | +60.7% |
| 2026 | -10.8% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are III and KWY good diversifiers for each other?
Reasonably. At 0.42, III and KWY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between III and KWY?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.44 over the last year and 0.32 over 5 years.
Is KWY a good diversifier for III?
Reasonably. At 0.42, III and KWY 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.
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Related comparisons
Hubs: III correlations · KWY correlations
