L vs ORLY: Correlation
Measured on weekly returns over the past three years, Loews Corporation (L) and O'Reilly Automotive (ORLY) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are L and ORLY?
Across a 3-year window, the weekly returns of L and ORLY correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. Stretching to 5 years gives 0.38, with an annualized covariance of 122.8 %².
Among the 54 assets we track against L, ORLY ranks #41 by 3-year correlation. The last year tells two different stories: L led by 29.8 percentage points, +14.2% for L against -15.6% for ORLY. The rolling one-year correlation moved between 0.15 and 0.53 over the past three years, a moderate range.
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 ORLY: side by side
| L (Loews Corporation) | ORLY (O'Reilly Automotive) | |
|---|---|---|
| 1-year return | +14.2% | -15.6% |
| 5-year return | +100.1% | +120.8% |
| Volatility (ann.) | 16.6% | 19.8% |
| Beta vs S&P 500 | 0.33 | 0.20 |
| Max drawdown (3Y) | -12.2% | -23.3% |
| Market cap | $22.5B | $71.1B |
| P/E (trailing) | 13.5 | 28.4 |
| Dividend yield | 0.23% | 0.00% |
| Sector / category | Financials | Consumer Discretionary |
Year-by-year returns
| Year | L | ORLY |
|---|---|---|
| 2022 | +1.4% | +19.5% |
| 2023 | +19.8% | +12.6% |
| 2024 | +22.1% | +24.8% |
| 2025 | +24.7% | +15.4% |
| 2026 | +4.5% | -3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are L and ORLY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between L and ORLY?
As of 2026-08-27, the correlation of weekly returns between L and ORLY is 0.37 over 3 years, 0.35 over 1 year and 0.38 over 5 years.
Is ORLY a good diversifier for L?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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-orly.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/l-vs-orly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: L correlations · ORLY correlations
