KINS vs PDLB: Correlation
Measured on weekly returns over the past three years, Kingstone Companies, Inc (KINS) and Ponce Financial Group, Inc. (PDLB) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KINS and PDLB?
On 3 years of weekly data the KINS/PDLB correlation comes out at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. The 5-year figure is 0.22, and annualized covariance runs at 686.3 %².
By 3-year correlation, PDLB places #4 of the 11 assets tracked against KINS. Their recent paths diverged sharply: over the last 12 months KINS outperformed by 16.7 percentage points (+53.1% for KINS against +36.4% for PDLB). One caveat on sizing: KINS is 2.7 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.
KINS vs PDLB: side by side
| KINS (Kingstone Companies, Inc) | PDLB (Ponce Financial Group, Inc.) | |
|---|---|---|
| 1-year return | +53.1% | +36.4% |
| 5-year return | +201.6% | +106.7% |
| Volatility (ann.) | 69.2% | 25.5% |
| Beta vs S&P 500 | 0.71 | 0.76 |
| Max drawdown (3Y) | -38.8% | -21.5% |
| Market cap | $0.3B | $0.5B |
| P/E (trailing) | 8.2 | 14.2 |
| Dividend yield | 0.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KINS | PDLB |
|---|---|---|
| 2022 | -72.3% | -10.3% |
| 2023 | +57.8% | +4.7% |
| 2024 | +613.1% | +33.2% |
| 2025 | +11.5% | +25.8% |
| 2026 | +20.5% | +24.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KINS and PDLB good diversifiers for each other?
Reasonably. At 0.39, KINS and PDLB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KINS and PDLB?
The KINS/PDLB correlation stands at 0.39 on a 3-year window (1 year: 0.39, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is PDLB a good diversifier for KINS?
Reasonably. At 0.39, KINS and PDLB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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: KINS correlations · PDLB correlations
