ORI vs RLI: Correlation
Old Republic International Corporation (ORI) and RLI Corp. (RLI) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ORI and RLI?
Over the past 3 years, ORI and RLI moved with a correlation of 0.62, which is strong. Recent behaviour matches the longer record: 0.55 over 1 year against 0.62 over 3. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 290.8 %².
By 3-year correlation, RLI places #6 of the 26 assets tracked against ORI. Over the last 12 months ORI came out ahead by 13.1 percentage points (+15.0% against +1.9%).
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 RLI: side by side
| ORI (Old Republic International Corporation) | RLI (RLI Corp.) | |
|---|---|---|
| 1-year return | +15.0% | +1.9% |
| 5-year return | +137.4% | +46.7% |
| Volatility (ann.) | 21.1% | 22.2% |
| Beta vs S&P 500 | 0.28 | 0.18 |
| Max drawdown (3Y) | -16.2% | -43.5% |
| Market cap | $10.2B | $5.9B |
| P/E (trailing) | 9.3 | 13.5 |
| Dividend yield | 2.85% | 1.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ORI | RLI |
|---|---|---|
| 2022 | +6.7% | +24.8% |
| 2023 | +26.3% | +3.8% |
| 2024 | +27.1% | +27.6% |
| 2025 | +37.5% | -19.1% |
| 2026 | -0.5% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ORI and RLI good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ORI and RLI?
The ORI/RLI correlation stands at 0.62 on a 3-year window (1 year: 0.55, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is RLI a good diversifier for ORI?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 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/ori-vs-rli.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ori-vs-rli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ORI correlations · RLI correlations
