KNSL vs RLI: Correlation
How closely do Kinsale Capital Group, Inc. (KNSL) and RLI Corp. (RLI) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNSL and RLI?
On 3 years of weekly data the KNSL/RLI correlation comes out at 0.46, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.46 over 3. The 5-year figure is 0.48, and annualized covariance runs at 384.7 %².
Among the 15 assets we track against KNSL, RLI ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RLI ahead by 17.8 points (-15.9% versus +1.9%). Risk is not evenly split, since KNSL carries 1.7 times the volatility of the other side.
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.
KNSL vs RLI: side by side
| KNSL (Kinsale Capital Group, Inc.) | RLI (RLI Corp.) | |
|---|---|---|
| 1-year return | -15.9% | +1.9% |
| 5-year return | +110.8% | +46.7% |
| Volatility (ann.) | 37.5% | 22.2% |
| Beta vs S&P 500 | 0.36 | 0.18 |
| Max drawdown (3Y) | -46.8% | -43.5% |
| Market cap | $8.7B | $5.9B |
| P/E (trailing) | 15.7 | 13.5 |
| Dividend yield | 0.22% | 1.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNSL | RLI |
|---|---|---|
| 2022 | +10.2% | +24.8% |
| 2023 | +28.3% | +3.8% |
| 2024 | +39.1% | +27.6% |
| 2025 | -15.8% | -19.1% |
| 2026 | -2.2% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNSL and RLI good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KNSL and RLI?
As of 2026-08-27, the correlation of weekly returns between KNSL and RLI is 0.46 over 3 years, 0.50 over 1 year and 0.48 over 5 years.
Is RLI a good diversifier for KNSL?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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[](https://www.pairbook.io/pair/knsl-vs-rli/)
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Related comparisons
Hubs: KNSL correlations · RLI correlations
