L vs ORI: Correlation
How closely do Loews Corporation (L) and Old Republic International Corporation (ORI) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are L and ORI?
Over the past 3 years, L and ORI moved with a correlation of 0.68, which is strong. The link has loosened recently: the 1-year correlation (0.58) runs below the 3-year figure (0.68). Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 240.3 %².
By 3-year correlation, ORI places #10 of the 54 assets tracked against L. Twelve-month performance is nearly a tie, at +14.2% for L and +15.0% for ORI.
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 ORI: side by side
| L (Loews Corporation) | ORI (Old Republic International Corporation) | |
|---|---|---|
| 1-year return | +14.2% | +15.0% |
| 5-year return | +100.1% | +137.4% |
| Volatility (ann.) | 16.6% | 21.1% |
| Beta vs S&P 500 | 0.33 | 0.28 |
| Max drawdown (3Y) | -12.2% | -16.2% |
| Market cap | $22.5B | $10.2B |
| P/E (trailing) | 13.5 | 9.3 |
| Dividend yield | 0.23% | 2.85% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | L | ORI |
|---|---|---|
| 2022 | +1.4% | +6.7% |
| 2023 | +19.8% | +26.3% |
| 2024 | +22.1% | +27.1% |
| 2025 | +24.7% | +37.5% |
| 2026 | +4.5% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are L and ORI good diversifiers for each other?
Only partially. A correlation of 0.68 means L and ORI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between L and ORI?
The L/ORI correlation stands at 0.68 on a 3-year window (1 year: 0.58, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is ORI a good diversifier for L?
Only partially. A correlation of 0.68 means L and ORI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
A reading of 0.68 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/l-vs-ori.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/l-vs-ori/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: L correlations · ORI correlations
