KINS vs ULS: Correlation
Measured on weekly returns over the past three years, Kingstone Companies, Inc (KINS) and UL Solutions Inc. (ULS) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KINS and ULS?
Over the past 3 years, KINS and ULS moved with a correlation of 0.34, which is moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 734.4 %².
By 3-year correlation, ULS places #6 of the 11 assets tracked against KINS. The last year tells two different stories: KINS led by 32.8 percentage points, +53.1% for KINS against +20.3% for ULS. One caveat on sizing: KINS is 2.0 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 ULS: side by side
| KINS (Kingstone Companies, Inc) | ULS (UL Solutions Inc.) | |
|---|---|---|
| 1-year return | +53.1% | +20.3% |
| 5-year return | +201.6% | n/a |
| Volatility (ann.) | 69.2% | 35.3% |
| Beta vs S&P 500 | 0.71 | 0.47 |
| Max drawdown (3Y) | -38.8% | -29.4% |
| Market cap | $0.3B | $15.3B |
| P/E (trailing) | 8.2 | 30.3 |
| Dividend yield | 0.99% | 0.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KINS | ULS |
|---|---|---|
| 2022 | -72.3% | – |
| 2023 | +57.8% | – |
| 2024 | +613.1% | – |
| 2025 | +11.5% | +59.3% |
| 2026 | +20.5% | -3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KINS and ULS good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KINS and ULS?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.41 over the last year and n/a over 5 years.
Is ULS a good diversifier for KINS?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 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/kins-vs-uls.json
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Related comparisons
Hubs: KINS correlations · ULS correlations
