ALL vs CNA: Correlation
Measured on weekly returns over the past three years, Allstate (ALL) and CNA Financial Corporation (CNA) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and CNA?
Across a 3-year window, the weekly returns of ALL and CNA correlate at 0.63, strong. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 274.7 %².
Within ALL's tracked universe of 32 assets, CNA comes in at #6 by 3-year correlation. The last year tells two different stories: ALL led by 21.3 percentage points, +28.9% for ALL against +7.6% for CNA.
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 CNA: side by side
| ALL (Allstate) | CNA (CNA Financial Corporation) | |
|---|---|---|
| 1-year return | +28.9% | +7.6% |
| 5-year return | +114.7% | +64.0% |
| Volatility (ann.) | 22.1% | 19.8% |
| Beta vs S&P 500 | 0.31 | 0.21 |
| Max drawdown (3Y) | -14.1% | -14.6% |
| Market cap | $65.1B | $13.2B |
| P/E (trailing) | 5.2 | 10.9 |
| Dividend yield | 1.59% | 3.80% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ALL | CNA |
|---|---|---|
| 2022 | +18.4% | +3.8% |
| 2023 | +6.4% | +7.1% |
| 2024 | +40.6% | +24.0% |
| 2025 | +10.1% | +7.0% |
| 2026 | +25.0% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and CNA good diversifiers for each other?
To a limited degree. At 0.63 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 CNA?
The ALL/CNA correlation stands at 0.63 on a 3-year window (1 year: 0.60, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is CNA a good diversifier for ALL?
To a limited degree. At 0.63 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 0.63 mean?
On the −1 to +1 scale, 0.63 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-cna.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/all-vs-cna/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALL correlations · CNA correlations
