L vs. MKL
L (Loews Corporation) and MKL (Markel Corporation) are both stocks. Both operate in the Insurance - Property & Casualty industry within the Financial Services sector. Over the past 10 years, L returned 10.66%/yr vs 6.38%/yr for MKL. At a 0.38 correlation, their price movements are largely independent.
Performance
L vs. MKL - Performance Comparison
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Returns By Period
In the year-to-date period, L achieves a -0.25% return, which is significantly higher than MKL's -16.85% return. Over the past 10 years, L has outperformed MKL with an annualized return of 10.66%, while MKL has yielded a comparatively lower 6.38% annualized return.
L
- 1D
- 1.06%
- 1M
- -6.01%
- YTD
- -0.25%
- 6M
- -1.19%
- 1Y
- 17.30%
- 3Y*
- 22.20%
- 5Y*
- 12.91%
- 10Y*
- 10.66%
MKL
- 1D
- -0.12%
- 1M
- 0.46%
- YTD
- -16.85%
- 6M
- -13.26%
- 1Y
- -8.78%
- 3Y*
- 9.48%
- 5Y*
- 7.82%
- 10Y*
- 6.38%
L vs. MKL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
L Loews Corporation | -0.25% | 24.68% | 22.09% | 19.78% | 1.41% | 28.89% | -13.69% | 15.89% | -8.56% | 8.56% |
MKL Markel Corporation | -16.85% | 24.53% | 21.57% | 7.77% | 6.77% | 19.42% | -9.61% | 10.13% | -8.87% | 25.94% |
Correlation
The correlation between L and MKL is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1990 | 0.38 |
Over the past year, L and MKL have become more correlated (0.66) than their long-term average of 0.38, meaning their price movements have been converging.
Fundamentals
L:
$8.96
MKL:
$176.96
L:
11.71
MKL:
10.10
L:
0.69
MKL:
0.18
L:
1.20
MKL:
1.01
L:
$18.29B
MKL:
$16.57B
L:
$8.42B
MKL:
$7.80B
L:
$2.64B
MKL:
$2.55B
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Return for Risk
L vs. MKL — Risk / Return Rank
L
MKL
L vs. MKL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Loews Corporation (L) and Markel Corporation (MKL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| L | MKL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | -0.47 | +1.56 |
Sortino ratioReturn per unit of downside risk | 1.51 | -0.53 | +2.04 |
Omega ratioGain probability vs. loss probability | 1.20 | 0.93 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 2.23 | -0.40 | +2.62 |
Martin ratioReturn relative to average drawdown | 5.98 | -1.01 | +6.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| L | MKL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | -0.47 | +1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.35 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.25 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.46 | -0.13 |
Drawdowns
L vs. MKL - Drawdown Comparison
The maximum L drawdown since its inception was -65.58%, which is greater than MKL's maximum drawdown of -61.32%. Use the drawdown chart below to compare losses from any high point for L and MKL.
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Drawdown Indicators
| L | MKL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -61.32% | -4.26% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -20.10% | +12.11% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -20.10% | +7.94% |
Max Drawdown (5Y)Largest decline over 5 years | -26.11% | -28.87% | +2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -48.53% | -44.66% | -3.87% |
Current DrawdownCurrent decline from peak | -6.77% | -18.45% | +11.68% |
Average DrawdownAverage peak-to-trough decline | -16.75% | -11.38% | -5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 7.88% | -4.90% |
Volatility
L vs. MKL - Volatility Comparison
Loews Corporation (L) has a higher volatility of 7.62% compared to Markel Corporation (MKL) at 4.20%. This indicates that L's price experiences larger fluctuations and is considered to be riskier than MKL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| L | MKL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 4.20% | +3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.55% | 13.03% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.88% | 18.80% | -2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.61% | 22.41% | -2.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.64% | 25.27% | +0.37% |
Dividends
L vs. MKL - Dividend Comparison
L's dividend yield for the trailing twelve months is around 0.24%, while MKL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
L Loews Corporation | 0.24% | 0.24% | 0.30% | 0.36% | 0.43% | 0.43% | 0.56% | 0.48% | 0.55% | 1.58% | 0.53% | 0.65% |
MKL Markel Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
L vs. MKL - Financials Comparison
This section allows you to compare key financial metrics between Loews Corporation and Markel Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
L vs. MKL - Profitability Comparison
L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Loews Corporation reported a gross profit of 2.38B and revenue of 4.56B. Therefore, the gross margin over that period was 52.3%.
MKL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Markel Corporation reported a gross profit of 0.00 and revenue of 3.55B. Therefore, the gross margin over that period was 0.0%.
L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Loews Corporation reported an operating income of 539.00M and revenue of 4.56B, resulting in an operating margin of 11.8%.
MKL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Markel Corporation reported an operating income of -273.33M and revenue of 3.55B, resulting in an operating margin of -7.7%.
L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Loews Corporation reported a net income of 572.00M and revenue of 4.56B, resulting in a net margin of 12.6%.
MKL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Markel Corporation reported a net income of -335.52M and revenue of 3.55B, resulting in a net margin of -9.5%.
Frequently Asked Questions
L and MKL have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
L has higher volatility (7.62%) compared to MKL (4.20%). In terms of maximum drawdown, L dropped -65.58% vs MKL's -61.32%.
L currently has the higher Sharpe Ratio (1.09 vs -0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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