AFG vs CINF: Correlation
Measured on weekly returns over the past three years, American Financial Group, Inc. (AFG) and Cincinnati Financial (CINF) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFG and CINF?
Over the past 3 years, AFG and CINF moved with a correlation of 0.62, which is strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 261.3 %².
By 3-year correlation, CINF places #6 of the 19 assets tracked against AFG. Their 12-month results are close: +10.4% for AFG against +14.5% for CINF.
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.
AFG vs CINF: side by side
| AFG (American Financial Group, Inc.) | CINF (Cincinnati Financial) | |
|---|---|---|
| 1-year return | +10.4% | +14.5% |
| 5-year return | +56.7% | +58.8% |
| Volatility (ann.) | 19.5% | 21.6% |
| Beta vs S&P 500 | 0.43 | 0.36 |
| Max drawdown (3Y) | -19.8% | -20.0% |
| Market cap | $11.8B | $26.5B |
| P/E (trailing) | 12.7 | 8.1 |
| Dividend yield | 2.43% | 2.10% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AFG | CINF |
|---|---|---|
| 2022 | +10.9% | -7.9% |
| 2023 | -7.6% | +4.0% |
| 2024 | +23.8% | +42.5% |
| 2025 | +5.4% | +16.3% |
| 2026 | +7.7% | +6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFG and CINF good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AFG and CINF?
As of 2026-08-27, the correlation of weekly returns between AFG and CINF is 0.62 over 3 years, 0.69 over 1 year and 0.59 over 5 years.
Is CINF a good diversifier for AFG?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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/afg-vs-cinf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/afg-vs-cinf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AFG correlations · CINF correlations
