L vs RLI: Correlation
Loews Corporation (L) and RLI Corp. (RLI) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are L and RLI?
Across a 3-year window, the weekly returns of L and RLI correlate at 0.64, strong. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 236.6 %².
Among the 54 assets we track against L, RLI ranks #16 by 3-year correlation. The trailing year gives L the advantage: +14.2% versus +1.9%, a 12.3-point spread.
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 RLI: side by side
| L (Loews Corporation) | RLI (RLI Corp.) | |
|---|---|---|
| 1-year return | +14.2% | +1.9% |
| 5-year return | +100.1% | +46.7% |
| Volatility (ann.) | 16.6% | 22.2% |
| Beta vs S&P 500 | 0.33 | 0.18 |
| Max drawdown (3Y) | -12.2% | -43.5% |
| Market cap | $22.5B | $5.9B |
| P/E (trailing) | 13.5 | 13.5 |
| Dividend yield | 0.23% | 1.02% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | L | RLI |
|---|---|---|
| 2022 | +1.4% | +24.8% |
| 2023 | +19.8% | +3.8% |
| 2024 | +22.1% | +27.6% |
| 2025 | +24.7% | -19.1% |
| 2026 | +4.5% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are L and RLI good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between L and RLI?
The L/RLI correlation stands at 0.64 on a 3-year window (1 year: 0.60, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is RLI a good diversifier for L?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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-rli.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/l-vs-rli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: L correlations · RLI correlations
