KNSL vs SPCB: Correlation
Kinsale Capital Group, Inc. (KNSL) and SuperCom, Ltd. (SPCB) show a negative relationship: their 3-year correlation of weekly returns is -0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNSL and SPCB?
Across a 3-year window, the weekly returns of KNSL and SPCB correlate at -0.31, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Stretching to 5 years gives -0.19, with an annualized covariance of -1374.1 %².
Out of 15 assets tracked against KNSL, SPCB lands near the bottom at #15. The last year tells two different stories: SPCB led by 28.0 percentage points, -15.9% for KNSL against +12.1% for SPCB. Risk is not evenly split, since SPCB carries 3.2 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 SPCB: side by side
| KNSL (Kinsale Capital Group, Inc.) | SPCB (SuperCom, Ltd.) | |
|---|---|---|
| 1-year return | -15.9% | +12.1% |
| 5-year return | +110.8% | -95.6% |
| Volatility (ann.) | 37.5% | 119.2% |
| Beta vs S&P 500 | 0.36 | 1.19 |
| Max drawdown (3Y) | -46.8% | -84.7% |
| Market cap | $8.7B | $0.1B |
| P/E (trailing) | 15.7 | 14.4 |
| Dividend yield | 0.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNSL | SPCB |
|---|---|---|
| 2022 | +10.2% | -68.2% |
| 2023 | +28.3% | -78.1% |
| 2024 | +39.1% | -38.2% |
| 2025 | -15.8% | +87.8% |
| 2026 | -2.2% | +12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNSL and SPCB good diversifiers for each other?
Yes. With a correlation of -0.31, KNSL and SPCB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KNSL and SPCB?
Using weekly returns as of 2026-08-27: -0.31 over 3 years, with -0.29 over the last year and -0.19 over 5 years.
Is SPCB a good diversifier for KNSL?
Yes. With a correlation of -0.31, KNSL and SPCB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 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-spcb.json
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[](https://www.pairbook.io/pair/knsl-vs-spcb/)
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Related comparisons
Hubs: KNSL correlations · SPCB correlations
