PLMR vs SKWD: Correlation
How closely do Palomar Holdings, Inc. (PLMR) and Skyward Specialty Insurance Group, Inc. (SKWD) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLMR and SKWD?
Across a 3-year window, the weekly returns of PLMR and SKWD correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 717.9 %².
In PLMR's tracked universe of 15 assets, SKWD sits right near the top at #2. On 12-month performance SKWD holds a 13.5-point edge, +5.0% against +18.5%.
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.
PLMR vs SKWD: side by side
| PLMR (Palomar Holdings, Inc.) | SKWD (Skyward Specialty Insurance Group, Inc.) | |
|---|---|---|
| 1-year return | +5.0% | +18.5% |
| 5-year return | +44.4% | n/a |
| Volatility (ann.) | 35.9% | 34.9% |
| Beta vs S&P 500 | 0.34 | 0.31 |
| Max drawdown (3Y) | -42.3% | -36.5% |
| Market cap | $3.4B | $2.3B |
| P/E (trailing) | 17.7 | 13.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PLMR | SKWD |
|---|---|---|
| 2022 | -30.3% | – |
| 2023 | +22.9% | – |
| 2024 | +90.3% | +49.2% |
| 2025 | +27.6% | +1.1% |
| 2026 | -3.5% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLMR and SKWD good diversifiers for each other?
Only partially. A correlation of 0.57 means PLMR and SKWD 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 PLMR and SKWD?
As of 2026-08-27, the correlation of weekly returns between PLMR and SKWD is 0.57 over 3 years, 0.66 over 1 year and n/a over 5 years.
Is SKWD a good diversifier for PLMR?
Only partially. A correlation of 0.57 means PLMR and SKWD share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/plmr-vs-skwd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/plmr-vs-skwd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PLMR correlations · SKWD correlations
