L vs PLGO: Correlation
Loews Corporation (L) and Pelagos Insurance Capital Limited (PLGO) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are L and PLGO?
On 3 years of weekly data the L/PLGO correlation comes out at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 232.2 %².
Among the 54 assets we track against L, PLGO ranks #34 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PLGO outperformed by 29.9 percentage points (+14.2% for L against +44.1% for PLGO). Note the risk asymmetry: PLGO runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PLGO: side by side
| L (Loews Corporation) | PLGO (Pelagos Insurance Capital Limited) | |
|---|---|---|
| 1-year return | +14.2% | +44.1% |
| 5-year return | +100.1% | n/a |
| Volatility (ann.) | 16.6% | 29.5% |
| Beta vs S&P 500 | 0.33 | 0.43 |
| Max drawdown (3Y) | -12.2% | -29.9% |
| Market cap | $22.5B | $2.1B |
| P/E (trailing) | 13.5 | 6.1 |
| Dividend yield | 0.23% | 2.45% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | L | PLGO |
|---|---|---|
| 2022 | +1.4% | – |
| 2023 | +19.8% | – |
| 2024 | +22.1% | +46.3% |
| 2025 | +24.7% | +9.4% |
| 2026 | +4.5% | +26.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are L and PLGO good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between L and PLGO?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.53 over the last year and n/a over 5 years.
Is PLGO a good diversifier for L?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/l-vs-plgo.json
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[](https://www.pairbook.io/pair/l-vs-plgo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: L correlations · PLGO correlations
