SAFT vs WLFC: Correlation
Safety Insurance Group, Inc. (SAFT) and Willis Lease Finance Corporation (WLFC) show a negative relationship: their 3-year correlation of weekly returns is -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SAFT and WLFC?
Over the past 3 years, SAFT and WLFC moved with a correlation of -0.33, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.66 versus -0.33 over 3 years. Over 5 years the correlation is -0.21, and the annualized covariance of weekly returns is -614.0 %².
Among the 13 assets we track against SAFT, WLFC sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with SAFT ahead by 112.1 points (+48.8% versus -63.3%). Note the risk asymmetry: WLFC runs 2.0 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.
SAFT vs WLFC: side by side
| SAFT (Safety Insurance Group, Inc.) | WLFC (Willis Lease Finance Corporation) | |
|---|---|---|
| 1-year return | +48.8% | -63.3% |
| 5-year return | +58.1% | +47.2% |
| Volatility (ann.) | 30.8% | 61.3% |
| Beta vs S&P 500 | 0.17 | 1.30 |
| Max drawdown (3Y) | -20.1% | -77.4% |
| Market cap | $1.5B | $1.2B |
| P/E (trailing) | 22.3 | 13.8 |
| Dividend yield | 3.55% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SAFT | WLFC |
|---|---|---|
| 2022 | +3.1% | +56.7% |
| 2023 | -5.4% | -17.2% |
| 2024 | +13.3% | +327.3% |
| 2025 | -0.8% | -34.5% |
| 2026 | +36.6% | -59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SAFT and WLFC good diversifiers for each other?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
FAQ
What is the correlation between SAFT and WLFC?
As of 2026-08-27, the correlation of weekly returns between SAFT and WLFC is -0.33 over 3 years, -0.66 over 1 year and -0.21 over 5 years.
Is WLFC a good diversifier for SAFT?
By historical standards, yes. A correlation of -0.33 means the two rarely move for the same reasons.
What does a correlation of -0.33 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.
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Hubs: SAFT correlations · WLFC correlations
