L vs MKL: Correlation
Measured on weekly returns over the past three years, Loews Corporation (L) and Markel Group Inc. (MKL) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are L and MKL?
On 3 years of weekly data the L/MKL correlation comes out at 0.58, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.46 versus 0.58 over 3 years. The 5-year figure is 0.64, and annualized covariance runs at 203.1 %².
By 3-year correlation, MKL places #24 of the 54 assets tracked against L. Correlation aside, the last 12 months split them widely, with L ahead by 22.0 points (+14.2% versus -7.8%).
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.
L vs MKL: side by side
| L (Loews Corporation) | MKL (Markel Group Inc.) | |
|---|---|---|
| 1-year return | +14.2% | -7.8% |
| 5-year return | +100.1% | +43.0% |
| Volatility (ann.) | 16.6% | 21.0% |
| Beta vs S&P 500 | 0.33 | 0.44 |
| Max drawdown (3Y) | -12.2% | -20.1% |
| Market cap | $22.5B | $22.4B |
| P/E (trailing) | 13.5 | 10.0 |
| Dividend yield | 0.23% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | L | MKL |
|---|---|---|
| 2022 | +1.4% | +6.8% |
| 2023 | +19.8% | +7.8% |
| 2024 | +22.1% | +21.6% |
| 2025 | +24.7% | +24.5% |
| 2026 | +4.5% | -16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are L and MKL good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between L and MKL?
As of 2026-08-27, the correlation of weekly returns between L and MKL is 0.58 over 3 years, 0.46 over 1 year and 0.64 over 5 years.
Is MKL a good diversifier for L?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 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/l-vs-mkl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/l-vs-mkl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: L correlations · MKL correlations
