PLMR vs. SKWD
PLMR (Palomar Holdings, Inc.) and SKWD (Skyward Specialty Insurance Group Inc. Common Stock) are both stocks. Both operate in the Insurance - Property & Casualty industry within the Financial Services sector. Over the past 3 years, PLMR returned 22.88%/yr vs 26.24%/yr for SKWD. At a 0.44 correlation, their price movements are largely independent.
Performance
PLMR vs. SKWD - Performance Comparison
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Returns By Period
In the year-to-date period, PLMR achieves a -17.20% return, which is significantly lower than SKWD's -0.57% return.
PLMR
- 1D
- -0.11%
- 1M
- -2.01%
- YTD
- -17.20%
- 6M
- -18.36%
- 1Y
- -28.32%
- 3Y*
- 22.88%
- 5Y*
- 7.57%
- 10Y*
- —
SKWD
- 1D
- 0.51%
- 1M
- 7.10%
- YTD
- -0.57%
- 6M
- -2.44%
- 1Y
- -11.36%
- 3Y*
- 26.24%
- 5Y*
- —
- 10Y*
- —
PLMR vs. SKWD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PLMR Palomar Holdings, Inc. | -17.20% | 27.63% | 90.25% | 7.77% |
SKWD Skyward Specialty Insurance Group Inc. Common Stock | -0.57% | 1.13% | 49.17% | 79.26% |
Correlation
The correlation between PLMR and SKWD is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2023 | 0.44 |
The correlation between PLMR and SKWD shifts across timeframes, from 0.44 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PLMR:
$7.18
SKWD:
$5.66
PLMR:
15.54
SKWD:
8.98
PLMR:
0.36
SKWD:
0.20
PLMR:
3.13
SKWD:
1.02
PLMR:
$977.99M
SKWD:
$1.56B
PLMR:
$401.29M
SKWD:
$523.39M
PLMR:
$210.26M
SKWD:
$170.03M
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Return for Risk
PLMR vs. SKWD — Risk / Return Rank
PLMR
SKWD
PLMR vs. SKWD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palomar Holdings, Inc. (PLMR) and Skyward Specialty Insurance Group Inc. Common Stock (SKWD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PLMR | SKWD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.97 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.38 | -0.39 |
| Martin ratioReturn relative to average drawdown | -1.21 | -0.58 | -0.62 |
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Drawdowns
PLMR vs. SKWD - Drawdown Comparison
The maximum PLMR drawdown since its inception was -62.86%, which is greater than SKWD's maximum drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for PLMR and SKWD.
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Drawdown Indicators
| PLMR | SKWD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.86% | -36.52% | -26.34% |
Max Drawdown (1Y)Largest decline over 1 year | -36.64% | -29.82% | -6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -42.27% | -36.52% | -5.75% |
Max Drawdown (5Y)Largest decline over 5 years | -53.81% | — | — |
Current DrawdownCurrent decline from peak | -36.48% | -21.82% | -14.66% |
Average DrawdownAverage peak-to-trough decline | -28.83% | -11.07% | -17.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.54% | 19.55% | +3.99% |
Volatility
PLMR vs. SKWD - Volatility Comparison
Palomar Holdings, Inc. (PLMR) and Skyward Specialty Insurance Group Inc. Common Stock (SKWD) have volatilities of 10.56% and 10.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PLMR | SKWD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.56% | 10.50% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 23.37% | 24.94% | -1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.56% | 34.32% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.61% | 33.97% | +8.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.83% | 33.97% | +13.86% |
Dividends
PLMR vs. SKWD - Dividend Comparison
Neither PLMR nor SKWD has paid dividends to shareholders.
Financials
PLMR vs. SKWD - Financials Comparison
This section allows you to compare key financial metrics between Palomar Holdings, Inc. and Skyward Specialty Insurance Group Inc. Common Stock. 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
PLMR vs. SKWD - Profitability Comparison
PLMR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Palomar Holdings, Inc. reported a gross profit of 0.00 and revenue of 278.94M. Therefore, the gross margin over that period was 0.0%.
SKWD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Skyward Specialty Insurance Group Inc. Common Stock reported a gross profit of 0.00 and revenue of 475.87M. Therefore, the gross margin over that period was 0.0%.
PLMR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Palomar Holdings, Inc. reported an operating income of 0.00 and revenue of 278.94M, resulting in an operating margin of 0.0%.
SKWD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Skyward Specialty Insurance Group Inc. Common Stock reported an operating income of 0.00 and revenue of 475.87M, resulting in an operating margin of 0.0%.
PLMR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Palomar Holdings, Inc. reported a net income of 42.95M and revenue of 278.94M, resulting in a net margin of 15.4%.
SKWD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Skyward Specialty Insurance Group Inc. Common Stock reported a net income of 49.73M and revenue of 475.87M, resulting in a net margin of 10.5%.
Frequently Asked Questions
PLMR and SKWD have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLMR has higher volatility (10.56%) compared to SKWD (10.50%). In terms of maximum drawdown, PLMR dropped -62.86% vs SKWD's -36.52%.
SKWD currently has the higher Sharpe Ratio (-0.33 vs -0.78), 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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