ORI vs PLMR: Correlation
Old Republic International Corporation (ORI) and Palomar Holdings, Inc. (PLMR) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORI and PLMR?
On 3 years of weekly data the ORI/PLMR correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 381.2 %².
Among the 26 assets we track against ORI, PLMR ranks #13 by 3-year correlation. Over the last 12 months ORI came out ahead by 10.0 percentage points (+15.0% against +5.0%). One caveat on sizing: PLMR 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.
ORI vs PLMR: side by side
| ORI (Old Republic International Corporation) | PLMR (Palomar Holdings, Inc.) | |
|---|---|---|
| 1-year return | +15.0% | +5.0% |
| 5-year return | +137.4% | +44.4% |
| Volatility (ann.) | 21.1% | 35.9% |
| Beta vs S&P 500 | 0.28 | 0.34 |
| Max drawdown (3Y) | -16.2% | -42.3% |
| Market cap | $10.2B | $3.4B |
| P/E (trailing) | 9.3 | 17.7 |
| Dividend yield | 2.85% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ORI | PLMR |
|---|---|---|
| 2022 | +6.7% | -30.3% |
| 2023 | +26.3% | +22.9% |
| 2024 | +27.1% | +90.3% |
| 2025 | +37.5% | +27.6% |
| 2026 | -0.5% | -3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORI and PLMR good diversifiers for each other?
Only partially. A correlation of 0.50 means ORI and PLMR 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 ORI and PLMR?
The ORI/PLMR correlation stands at 0.50 on a 3-year window (1 year: 0.55, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is PLMR a good diversifier for ORI?
Only partially. A correlation of 0.50 means ORI and PLMR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ORI correlations · PLMR correlations
