WTM vs. L
WTM (White Mountains Insurance Group, Ltd.) and L (Loews Corporation) are both stocks. Both operate in the Insurance - Property & Casualty industry within the Financial Services sector. Over the past 10 years, WTM returned 9.66%/yr vs 10.61%/yr for L. At a 0.32 correlation, their price movements are largely independent.
Performance
WTM vs. L - Performance Comparison
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Returns By Period
In the year-to-date period, WTM achieves a -2.07% return, which is significantly lower than L's -0.69% return. Over the past 10 years, WTM has underperformed L with an annualized return of 9.66%, while L has yielded a comparatively higher 10.61% annualized return.
WTM
- 1D
- -0.82%
- 1M
- -6.15%
- YTD
- -2.07%
- 6M
- 0.46%
- 1Y
- 12.18%
- 3Y*
- 12.55%
- 5Y*
- 12.27%
- 10Y*
- 9.66%
L
- 1D
- -0.45%
- 1M
- -0.60%
- YTD
- -0.69%
- 6M
- -1.11%
- 1Y
- 16.84%
- 3Y*
- 22.02%
- 5Y*
- 12.86%
- 10Y*
- 10.61%
WTM vs. L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTM White Mountains Insurance Group, Ltd. | -2.07% | 6.89% | 29.31% | 6.49% | 39.63% | 1.41% | -10.19% | 30.20% | 0.88% | 1.93% |
L Loews Corporation | -0.69% | 24.68% | 22.09% | 19.78% | 1.41% | 28.89% | -13.69% | 15.89% | -8.56% | 8.56% |
Correlation
The correlation between WTM and L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 1987 | 0.32 |
Over the past year, WTM and L have become more correlated (0.55) than their long-term average of 0.32, meaning their price movements have been converging.
Fundamentals
WTM:
$547.49
L:
$8.96
WTM:
3.72
L:
11.65
WTM:
0.05
L:
0.68
WTM:
1.55
L:
1.19
WTM:
$2.50B
L:
$18.29B
WTM:
$1.21B
L:
$8.42B
WTM:
$1.17B
L:
$2.64B
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Return for Risk
WTM vs. L — Risk / Return Rank
WTM
L
WTM vs. L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for White Mountains Insurance Group, Ltd. (WTM) and Loews Corporation (L). 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.
| WTM | L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.19 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | 2.12 | -1.12 |
| Martin ratioReturn relative to average drawdown | 3.12 | 5.62 | -2.50 |
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
| WTM | L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 1.06 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.66 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.42 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.33 | +0.10 |
Drawdowns
WTM vs. L - Drawdown Comparison
The maximum WTM drawdown since its inception was -77.47%, which is greater than L's maximum drawdown of -65.58%. Use the drawdown chart below to compare losses from any high point for WTM and L.
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Drawdown Indicators
| WTM | L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.47% | -65.58% | -11.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.30% | -7.99% | -4.31% |
Max Drawdown (3Y)Largest decline over 3 years | -18.05% | -12.16% | -5.89% |
Max Drawdown (5Y)Largest decline over 5 years | -18.05% | -26.11% | +8.06% |
Max Drawdown (10Y)Largest decline over 10 years | -40.16% | -48.53% | +8.37% |
Current DrawdownCurrent decline from peak | -12.30% | -7.18% | -5.12% |
Average DrawdownAverage peak-to-trough decline | -14.15% | -16.75% | +2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 3.01% | +0.91% |
Volatility
WTM vs. L - Volatility Comparison
White Mountains Insurance Group, Ltd. (WTM) and Loews Corporation (L) have volatilities of 4.76% and 4.68%, 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
| WTM | L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 4.68% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 13.39% | 12.48% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.66% | 15.88% | +7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.41% | 19.61% | +3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.30% | 25.63% | -2.33% |
Dividends
WTM vs. L - Dividend Comparison
WTM's dividend yield for the trailing twelve months is around 0.05%, less than L's 0.24% yield.
| 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% |
WTM White Mountains Insurance Group, Ltd. | 0.05% | 0.05% | 0.05% | 0.07% | 0.07% | 0.10% | 0.10% | 0.09% | 0.12% | 0.12% | 0.12% | 0.14% |
Financials
WTM vs. L - Financials Comparison
This section allows you to compare key financial metrics between White Mountains Insurance Group, Ltd. and Loews 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
WTM vs. L - Profitability Comparison
WTM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, White Mountains Insurance Group, Ltd. reported a gross profit of -42.70M and revenue of 372.40M. Therefore, the gross margin over that period was -11.5%.
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%.
WTM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, White Mountains Insurance Group, Ltd. reported an operating income of -148.10M and revenue of 372.40M, resulting in an operating margin of -39.8%.
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%.
WTM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, White Mountains Insurance Group, Ltd. reported a net income of -27.20M and revenue of 372.40M, resulting in a net margin of -7.3%.
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%.
Frequently Asked Questions
WTM and L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTM has higher volatility (4.76%) compared to L (4.68%). In terms of maximum drawdown, WTM dropped -77.47% vs L's -65.58%.
L currently has the higher Sharpe Ratio (1.06 vs 0.52), 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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