L vs SIGI: Correlation
How closely do Loews Corporation (L) and Selective Insurance Group, Inc. (SIGI) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are L and SIGI?
Over the past 3 years, L and SIGI moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 225.6 %².
Within L's tracked universe of 54 assets, SIGI comes in at #26 by 3-year correlation. Twelve-month performance is nearly a tie, at +14.2% for L and +19.1% for SIGI. One caveat on sizing: SIGI is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SIGI: side by side
| L (Loews Corporation) | SIGI (Selective Insurance Group, Inc.) | |
|---|---|---|
| 1-year return | +14.2% | +19.1% |
| 5-year return | +100.1% | +18.8% |
| Volatility (ann.) | 16.6% | 25.4% |
| Beta vs S&P 500 | 0.33 | 0.32 |
| Max drawdown (3Y) | -12.2% | -30.5% |
| Market cap | $22.5B | $5.5B |
| P/E (trailing) | 13.5 | 11.5 |
| Dividend yield | 0.23% | 1.81% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | L | SIGI |
|---|---|---|
| 2022 | +1.4% | +9.7% |
| 2023 | +19.8% | +13.7% |
| 2024 | +22.1% | -4.6% |
| 2025 | +24.7% | -8.8% |
| 2026 | +4.5% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are L and SIGI good diversifiers for each other?
Only partially. A correlation of 0.54 means L and SIGI 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 SIGI?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.61 over the last year and 0.51 over 5 years.
Is SIGI a good diversifier for L?
Only partially. A correlation of 0.54 means L and SIGI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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-sigi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/l-vs-sigi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: L correlations · SIGI correlations
