L vs TRV: Correlation
Measured on weekly returns over the past three years, Loews Corporation (L) and Travelers Companies (The) (TRV) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are L and TRV?
Over the past 3 years, L and TRV moved with a correlation of 0.71, which is strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.71 over 3. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 246.6 %².
By 3-year correlation, TRV places #6 of the 54 assets tracked against L. Their recent paths diverged sharply: over the last 12 months TRV outperformed by 23.6 percentage points (+14.2% for L against +37.8% for TRV). The rolling one-year correlation stayed in a tight band between 0.58 and 0.82 over the past three years, which points to a structural rather than episodic relationship.
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 TRV: side by side
| L (Loews Corporation) | TRV (Travelers Companies (The)) | |
|---|---|---|
| 1-year return | +14.2% | +37.8% |
| 5-year return | +100.1% | +155.3% |
| Volatility (ann.) | 16.6% | 20.8% |
| Beta vs S&P 500 | 0.33 | 0.36 |
| Max drawdown (3Y) | -12.2% | -12.5% |
| Market cap | $22.5B | $77.0B |
| P/E (trailing) | 13.5 | 10.0 |
| Dividend yield | 0.23% | 1.23% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | L | TRV |
|---|---|---|
| 2022 | +1.4% | +22.4% |
| 2023 | +19.8% | +3.9% |
| 2024 | +22.1% | +28.8% |
| 2025 | +24.7% | +22.4% |
| 2026 | +4.5% | +28.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are L and TRV good diversifiers for each other?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between L and TRV?
As of 2026-08-27, the correlation of weekly returns between L and TRV is 0.71 over 3 years, 0.75 over 1 year and 0.70 over 5 years.
Is TRV a good diversifier for L?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 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-trv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/l-vs-trv/)
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Related comparisons
Hubs: L correlations · TRV correlations
