L vs RNR: Correlation
Measured on weekly returns over the past three years, Loews Corporation (L) and RenaissanceRe Holdings Ltd. (RNR) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are L and RNR?
On 3 years of weekly data the L/RNR correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 176.1 %².
Among the 54 assets we track against L, RNR ranks #31 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RNR ahead by 21.6 points (+14.2% versus +35.8%).
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 RNR: side by side
| L (Loews Corporation) | RNR (RenaissanceRe Holdings Ltd.) | |
|---|---|---|
| 1-year return | +14.2% | +35.8% |
| 5-year return | +100.1% | +120.0% |
| Volatility (ann.) | 16.6% | 21.1% |
| Beta vs S&P 500 | 0.33 | 0.09 |
| Max drawdown (3Y) | -12.2% | -23.1% |
| Market cap | $22.5B | $13.7B |
| P/E (trailing) | 13.5 | 5.7 |
| Dividend yield | 0.23% | 0.49% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | L | RNR |
|---|---|---|
| 2022 | +1.4% | +9.9% |
| 2023 | +19.8% | +7.2% |
| 2024 | +22.1% | +27.8% |
| 2025 | +24.7% | +13.6% |
| 2026 | +4.5% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are L and RNR good diversifiers for each other?
Only partially. A correlation of 0.50 means L and RNR 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 RNR?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.57 over the last year and 0.42 over 5 years.
Is RNR a good diversifier for L?
Only partially. A correlation of 0.50 means L and RNR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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-rnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/l-vs-rnr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: L correlations · RNR correlations
