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AXG vs CINT: Correlation

Solowin Holdings - Class A (AXG) and CI&T Inc Class A (CINT) show a negative relationship: their 3-year correlation of weekly returns is -0.23.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
-0.23
negative
Correlation (1Y)
0.03
last 12 months
Correlation (5Y)
n/a
long-run
Ann. covariance
-1836.8
%² · weekly, annualized

How correlated are AXG and CINT?

Across a 3-year window, the weekly returns of AXG and CINT correlate at -0.23, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.03) runs above the 3-year figure (-0.23). Stretching to 5 years gives n/a, with an annualized covariance of -1836.8 %².

CINT is close to the least connected end of AXG's tracked universe, ranking #9 of 11. The trailing year gives CINT the advantage: -42.6% versus -36.1%, a 6.5-point spread. One caveat on sizing: AXG is 3.3 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.

AXG vs CINT: side by side

AXG (Solowin Holdings - Class A)CINT (CI&T Inc Class A)
1-year return-42.6%-36.1%
5-year returnn/a-81.0%
Volatility (ann.)162.4%49.9%
Beta vs S&P 5000.610.92
Max drawdown (3Y)-97.5%-60.2%
Market cap$0.4B$0.4B
P/E (trailing)12.3
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Smaller drawdown: CINT -60.2% vs -97.5%
-40%0%+57%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). AXG · CINT

Year-by-year returns

YearAXGCINT
2022-45.3%
2023-19.1%
2024-44.8%+15.4%
2025+149.1%-32.9%
2026-45.3%-15.2%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are AXG and CINT good diversifiers for each other?

Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.

FAQ

What is the correlation between AXG and CINT?

Using weekly returns as of 2026-08-27: -0.23 over 3 years, with 0.03 over the last year and n/a over 5 years.

Is CINT a good diversifier for AXG?

Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.

What does a correlation of -0.23 mean?

A reading of -0.23 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

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AXG vs CINT: 3-year weekly correlation -0.23AXG vs CINT-0.23

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Related comparisons

Hubs: AXG correlations · CINT correlations