L vs SPNT: Correlation
Measured on weekly returns over the past three years, Loews Corporation (L) and SiriusPoint Ltd. (SPNT) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are L and SPNT?
Over the past 3 years, L and SPNT moved with a correlation of 0.51, which is moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 230.4 %².
By 3-year correlation, SPNT places #29 of the 54 assets tracked against L. The last year tells two different stories: SPNT led by 15.1 percentage points, +14.2% for L against +29.3% for SPNT. One caveat on sizing: SPNT is 1.7 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 SPNT: side by side
| L (Loews Corporation) | SPNT (SiriusPoint Ltd.) | |
|---|---|---|
| 1-year return | +14.2% | +29.3% |
| 5-year return | +100.1% | +141.9% |
| Volatility (ann.) | 16.6% | 27.4% |
| Beta vs S&P 500 | 0.33 | 0.37 |
| Max drawdown (3Y) | -12.2% | -16.3% |
| Market cap | $22.5B | $2.8B |
| P/E (trailing) | 13.5 | 5.9 |
| Dividend yield | 0.23% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | L | SPNT |
|---|---|---|
| 2022 | +1.4% | -27.4% |
| 2023 | +19.8% | +96.6% |
| 2024 | +22.1% | +41.3% |
| 2025 | +24.7% | +33.6% |
| 2026 | +4.5% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are L and SPNT good diversifiers for each other?
Only partially. A correlation of 0.51 means L and SPNT 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 SPNT?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.51 over the last year and 0.44 over 5 years.
Is SPNT a good diversifier for L?
Only partially. A correlation of 0.51 means L and SPNT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/l-vs-spnt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/l-vs-spnt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: L correlations · SPNT correlations
