KNSL vs SIGI: Correlation
Measured on weekly returns over the past three years, Kinsale Capital Group, Inc. (KNSL) and Selective Insurance Group, Inc. (SIGI) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNSL and SIGI?
Over the past 3 years, KNSL and SIGI moved with a correlation of 0.47, which is moderate. The link has tightened recently: the 1-year correlation (0.59) runs above the 3-year figure (0.47). Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 449.7 %².
By 3-year correlation, SIGI places #4 of the 15 assets tracked against KNSL. Correlation aside, the last 12 months split them widely, with SIGI ahead by 35.0 points (-15.9% versus +19.1%).
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 SIGI: side by side
| KNSL (Kinsale Capital Group, Inc.) | SIGI (Selective Insurance Group, Inc.) | |
|---|---|---|
| 1-year return | -15.9% | +19.1% |
| 5-year return | +110.8% | +18.8% |
| Volatility (ann.) | 37.5% | 25.4% |
| Beta vs S&P 500 | 0.36 | 0.32 |
| Max drawdown (3Y) | -46.8% | -30.5% |
| Market cap | $8.7B | $5.5B |
| P/E (trailing) | 15.7 | 11.5 |
| Dividend yield | 0.22% | 1.81% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNSL | SIGI |
|---|---|---|
| 2022 | +10.2% | +9.7% |
| 2023 | +28.3% | +13.7% |
| 2024 | +39.1% | -4.6% |
| 2025 | -15.8% | -8.8% |
| 2026 | -2.2% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNSL and SIGI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KNSL and SIGI?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.59 over the last year and 0.49 over 5 years.
Is SIGI a good diversifier for KNSL?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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
$ curl https://www.pairbook.io/api/v1/pairs/knsl-vs-sigi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/knsl-vs-sigi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KNSL correlations · SIGI correlations
