KNSL vs VIP: Correlation
How closely do Kinsale Capital Group, Inc. (KNSL) and Vulcan Infrastructure and Power Inc. (VIP) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KNSL and VIP?
Across a 3-year window, the weekly returns of KNSL and VIP correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.01) runs above the 3-year figure (-0.23). Stretching to 5 years gives -0.05, with an annualized covariance of -967.9 %².
Among the 15 assets we track against KNSL, VIP sits near the bottom by co-movement, at rank #11. The last year tells two different stories: VIP led by 52.5 percentage points, -15.9% for KNSL against +36.6% for VIP. Risk is not evenly split, since VIP carries 3.0 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 VIP: side by side
| KNSL (Kinsale Capital Group, Inc.) | VIP (Vulcan Infrastructure and Power Inc.) | |
|---|---|---|
| 1-year return | -15.9% | +36.6% |
| 5-year return | +110.8% | -99.9% |
| Volatility (ann.) | 37.5% | 110.7% |
| Beta vs S&P 500 | 0.36 | 1.74 |
| Max drawdown (3Y) | -46.8% | -92.8% |
| Market cap | $8.7B | – |
| P/E (trailing) | 15.7 | 14.9 |
| Dividend yield | 0.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KNSL | VIP |
|---|---|---|
| 2022 | +10.2% | -98.2% |
| 2023 | +28.3% | +131.4% |
| 2024 | +39.1% | -76.9% |
| 2025 | -15.8% | -4.5% |
| 2026 | -2.2% | +20.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KNSL and VIP good diversifiers for each other?
Yes. With a correlation of -0.23, KNSL and VIP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KNSL and VIP?
The KNSL/VIP correlation stands at -0.23 on a 3-year window (1 year: -0.01, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is VIP a good diversifier for KNSL?
Yes. With a correlation of -0.23, KNSL and VIP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
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Related comparisons
Hubs: KNSL correlations · VIP correlations
