ALL vs CINF: Correlation
How closely do Allstate (ALL) and Cincinnati Financial (CINF) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and CINF?
On 3 years of weekly data the ALL/CINF correlation comes out at 0.64, strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 307.1 %².
Among the 32 assets we track against ALL, CINF ranks #5 by 3-year correlation. On 12-month performance ALL holds a 14.4-point edge, +28.9% against +14.5%. Across three years, the rolling one-year figure varied moderately, from 0.50 to 0.82.
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.
ALL vs CINF: side by side
| ALL (Allstate) | CINF (Cincinnati Financial) | |
|---|---|---|
| 1-year return | +28.9% | +14.5% |
| 5-year return | +114.7% | +58.8% |
| Volatility (ann.) | 22.1% | 21.6% |
| Beta vs S&P 500 | 0.31 | 0.36 |
| Max drawdown (3Y) | -14.1% | -20.0% |
| Market cap | $65.1B | $26.5B |
| P/E (trailing) | 5.2 | 8.1 |
| Dividend yield | 1.59% | 2.10% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | ALL | CINF |
|---|---|---|
| 2022 | +18.4% | -7.9% |
| 2023 | +6.4% | +4.0% |
| 2024 | +40.6% | +42.5% |
| 2025 | +10.1% | +16.3% |
| 2026 | +25.0% | +6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and CINF good diversifiers for each other?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ALL and CINF?
The ALL/CINF correlation stands at 0.64 on a 3-year window (1 year: 0.61, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is CINF a good diversifier for ALL?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/all-vs-cinf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/all-vs-cinf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALL correlations · CINF correlations
