ACIW vs CNO: Correlation
ACI Worldwide, Inc. (ACIW) and CNO Financial Group, Inc. (CNO) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACIW and CNO?
Across a 3-year window, the weekly returns of ACIW and CNO correlate at 0.58, moderate. The link has loosened recently: the 1-year correlation (0.43) runs below the 3-year figure (0.58). Stretching to 5 years gives 0.47, with an annualized covariance of 464.6 %².
Few assets follow ACIW as closely as CNO, which ranks #3 of 20 tracked partners. The last year tells two different stories: CNO led by 29.8 percentage points, +11.8% for ACIW against +41.6% for CNO. One caveat on sizing: ACIW is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ACIW vs CNO: side by side
| ACIW (ACI Worldwide, Inc.) | CNO (CNO Financial Group, Inc.) | |
|---|---|---|
| 1-year return | +11.8% | +41.6% |
| 5-year return | +69.0% | +150.0% |
| Volatility (ann.) | 35.3% | 22.5% |
| Beta vs S&P 500 | 1.07 | 0.69 |
| Max drawdown (3Y) | -35.0% | -15.9% |
| Market cap | $5.5B | $5.1B |
| P/E (trailing) | 24.3 | 18.9 |
| Dividend yield | 0.00% | 1.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACIW | CNO |
|---|---|---|
| 2022 | -33.7% | -1.6% |
| 2023 | +33.0% | +25.1% |
| 2024 | +69.6% | +36.1% |
| 2025 | -7.9% | +16.1% |
| 2026 | +13.4% | +30.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACIW and CNO good diversifiers for each other?
Only partially. A correlation of 0.58 means ACIW and CNO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ACIW and CNO?
The ACIW/CNO correlation stands at 0.58 on a 3-year window (1 year: 0.43, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is CNO a good diversifier for ACIW?
Only partially. A correlation of 0.58 means ACIW and CNO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
A reading of 0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aciw-vs-cno.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aciw-vs-cno/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACIW correlations · CNO correlations
