L vs WRB: Correlation
Loews Corporation (L) and W. R. Berkley Corporation (WRB) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are L and WRB?
Across a 3-year window, the weekly returns of L and WRB correlate at 0.73, strong. The relationship has been stable: the 1-year correlation (0.78) sits close to the 3-year figure. Stretching to 5 years gives 0.69, with an annualized covariance of 271.8 %².
By 3-year correlation, WRB places #5 of the 54 assets tracked against L. Correlation aside, the last 12 months split them widely, with L ahead by 16.2 points (+14.2% versus -2.0%). Across three years, the rolling one-year figure varied moderately, from 0.54 to 0.79.
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 WRB: side by side
| L (Loews Corporation) | WRB (W. R. Berkley Corporation) | |
|---|---|---|
| 1-year return | +14.2% | -2.0% |
| 5-year return | +100.1% | +130.5% |
| Volatility (ann.) | 16.6% | 22.5% |
| Beta vs S&P 500 | 0.33 | 0.19 |
| Max drawdown (3Y) | -12.2% | -17.6% |
| Market cap | $22.5B | $25.4B |
| P/E (trailing) | 13.5 | 14.1 |
| Dividend yield | 0.23% | 0.54% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | L | WRB |
|---|---|---|
| 2022 | +1.4% | +33.9% |
| 2023 | +19.8% | +0.2% |
| 2024 | +22.1% | +27.2% |
| 2025 | +24.7% | +23.0% |
| 2026 | +4.5% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are L and WRB good diversifiers for each other?
To a limited degree. At 0.73 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 WRB?
As of 2026-08-27, the correlation of weekly returns between L and WRB is 0.73 over 3 years, 0.78 over 1 year and 0.69 over 5 years.
Is WRB a good diversifier for L?
To a limited degree. At 0.73 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 0.73 mean?
On the −1 to +1 scale, 0.73 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-wrb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/l-vs-wrb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: L correlations · WRB correlations
