AIZ vs CNO: Correlation
How closely do Assurant (AIZ) and CNO Financial Group, Inc. (CNO) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIZ and CNO?
Across a 3-year window, the weekly returns of AIZ and CNO correlate at 0.62, strong. Recent behaviour matches the longer record: 0.53 over 1 year against 0.62 over 3. Stretching to 5 years gives 0.51, with an annualized covariance of 300.7 %².
Among the 34 assets we track against AIZ, CNO ranks #6 by 3-year correlation. The trailing year gives CNO the advantage: +34.1% versus +41.6%, a 7.5-point spread.
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.
AIZ vs CNO: side by side
| AIZ (Assurant) | CNO (CNO Financial Group, Inc.) | |
|---|---|---|
| 1-year return | +34.1% | +41.6% |
| 5-year return | +83.5% | +150.0% |
| Volatility (ann.) | 21.5% | 22.5% |
| Beta vs S&P 500 | 0.60 | 0.69 |
| Max drawdown (3Y) | -20.8% | -15.9% |
| Market cap | $14.1B | $5.1B |
| P/E (trailing) | 13.8 | 18.9 |
| Dividend yield | 1.19% | 1.26% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIZ | CNO |
|---|---|---|
| 2022 | -18.3% | -1.6% |
| 2023 | +37.5% | +25.1% |
| 2024 | +28.5% | +36.1% |
| 2025 | +14.7% | +16.1% |
| 2026 | +19.4% | +30.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIZ and CNO 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 AIZ and CNO?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.53 over the last year and 0.51 over 5 years.
Is CNO a good diversifier for AIZ?
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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aiz-vs-cno.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aiz-vs-cno/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIZ correlations · CNO correlations
