RLI vs VLN: Correlation
How closely do RLI Corp. (RLI) and Valens Semiconductor Ltd. (VLN) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RLI and VLN?
On 3 years of weekly data the RLI/VLN correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.24 over 3 years. The 5-year figure is -0.14, and annualized covariance runs at -417.3 %².
VLN is close to the least connected end of RLI's tracked universe, ranking #25 of 29. Over the last 12 months RLI came out ahead by 9.3 percentage points (+1.9% against -7.4%). Note the risk asymmetry: VLN runs 3.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
RLI vs VLN: side by side
| RLI (RLI Corp.) | VLN (Valens Semiconductor Ltd.) | |
|---|---|---|
| 1-year return | +1.9% | -7.4% |
| 5-year return | +46.7% | -74.7% |
| Volatility (ann.) | 22.2% | 79.0% |
| Beta vs S&P 500 | 0.18 | 2.08 |
| Max drawdown (3Y) | -43.5% | -67.9% |
| Market cap | $5.9B | $0.2B |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | RLI | VLN |
|---|---|---|
| 2022 | +24.8% | -30.3% |
| 2023 | +3.8% | -54.4% |
| 2024 | +27.6% | +6.1% |
| 2025 | -19.1% | -45.4% |
| 2026 | +5.1% | +31.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RLI and VLN good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between RLI and VLN?
The RLI/VLN correlation stands at -0.24 on a 3-year window (1 year: -0.36, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is VLN a good diversifier for RLI?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/rli-vs-vln.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rli-vs-vln/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RLI correlations · VLN correlations
