LGL vs ULS: Correlation
LGL Group, Inc. (The) (LGL) and UL Solutions Inc. (ULS) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LGL and ULS?
Across a 3-year window, the weekly returns of LGL and ULS correlate at -0.25, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.25 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -279.7 %².
Among the 11 assets we track against LGL, ULS sits near the bottom by co-movement, at rank #11. The trailing year gives ULS the advantage: +15.0% versus +20.3%, a 5.3-point spread.
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.
LGL vs ULS: side by side
| LGL (LGL Group, Inc. (The)) | ULS (UL Solutions Inc.) | |
|---|---|---|
| 1-year return | +15.0% | +20.3% |
| 5-year return | +78.3% | n/a |
| Volatility (ann.) | 32.1% | 35.3% |
| Beta vs S&P 500 | 0.18 | 0.47 |
| Max drawdown (3Y) | -27.2% | -29.4% |
| Market cap | $0.1B | $15.3B |
| P/E (trailing) | – | 30.3 |
| Dividend yield | 0.00% | 0.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LGL | ULS |
|---|---|---|
| 2022 | -5.8% | – |
| 2023 | +51.6% | – |
| 2024 | -2.8% | – |
| 2025 | -3.7% | +59.3% |
| 2026 | +28.2% | -3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LGL and ULS good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LGL and ULS?
As of 2026-08-27, the correlation of weekly returns between LGL and ULS is -0.25 over 3 years, -0.28 over 1 year and n/a over 5 years.
Is ULS a good diversifier for LGL?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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.
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Related comparisons
Hubs: LGL correlations · ULS correlations
