KNSL vs RYAN: Correlation
Kinsale Capital Group, Inc. (KNSL) and Ryan Specialty Holdings, Inc. (RYAN) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNSL and RYAN?
On 3 years of weekly data the KNSL/RYAN correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.48 over 3. The 5-year figure is 0.47, and annualized covariance runs at 597.4 %².
RYAN is one of the assets that tracks KNSL most closely: it ranks #3 out of the 15 assets we track against KNSL. Over the last 12 months KNSL came out ahead by 7.4 percentage points (-15.9% against -23.3%).
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 RYAN: side by side
| KNSL (Kinsale Capital Group, Inc.) | RYAN (Ryan Specialty Holdings, Inc.) | |
|---|---|---|
| 1-year return | -15.9% | -23.3% |
| 5-year return | +110.8% | +36.6% |
| Volatility (ann.) | 37.5% | 33.3% |
| Beta vs S&P 500 | 0.36 | 0.36 |
| Max drawdown (3Y) | -46.8% | -60.9% |
| Market cap | $8.7B | $17.0B |
| P/E (trailing) | 15.7 | 58.8 |
| Dividend yield | 0.22% | 1.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNSL | RYAN |
|---|---|---|
| 2022 | +10.2% | +2.9% |
| 2023 | +28.3% | +3.6% |
| 2024 | +39.1% | +50.9% |
| 2025 | -15.8% | -18.9% |
| 2026 | -2.2% | -14.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNSL and RYAN good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KNSL and RYAN?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.56 over the last year and 0.47 over 5 years.
Is RYAN a good diversifier for KNSL?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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/knsl-vs-ryan.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/knsl-vs-ryan/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KNSL correlations · RYAN correlations
