JRVR vs L: Correlation
James River Group Holdings, Inc. (JRVR) and Loews Corporation (L) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JRVR and L?
Across a 3-year window, the weekly returns of JRVR and L correlate at 0.40, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.55 versus 0.40 over 3 years. Stretching to 5 years gives 0.40, with an annualized covariance of 338.4 %².
Few assets follow JRVR as closely as L, which ranks #3 of 12 tracked partners. The last year tells two different stories: L led by 40.6 percentage points, -26.4% for JRVR against +14.2% for L. One caveat on sizing: JRVR is 3.1 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.
JRVR vs L: side by side
| JRVR (James River Group Holdings, Inc.) | L (Loews Corporation) | |
|---|---|---|
| 1-year return | -26.4% | +14.2% |
| 5-year return | -88.2% | +100.1% |
| Volatility (ann.) | 51.3% | 16.6% |
| Beta vs S&P 500 | 0.55 | 0.33 |
| Max drawdown (3Y) | -77.1% | -12.2% |
| Market cap | $0.2B | $22.5B |
| P/E (trailing) | 9.4 | 13.5 |
| Dividend yield | 0.97% | 0.23% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | JRVR | L |
|---|---|---|
| 2022 | -26.8% | +1.4% |
| 2023 | -55.2% | +19.8% |
| 2024 | -46.2% | +22.1% |
| 2025 | +31.6% | +24.7% |
| 2026 | -35.0% | +4.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JRVR and L good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JRVR and L?
As of 2026-08-27, the correlation of weekly returns between JRVR and L is 0.40 over 3 years, 0.55 over 1 year and 0.40 over 5 years.
Is L a good diversifier for JRVR?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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/jrvr-vs-l.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jrvr-vs-l/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JRVR correlations · L correlations
