AXS vs CINF: Correlation
Measured on weekly returns over the past three years, Axis Capital Holdings Limited (AXS) and Cincinnati Financial (CINF) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXS and CINF?
On 3 years of weekly data the AXS/CINF correlation comes out at 0.66, strong. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 329.4 %².
Within AXS's tracked universe of 23 assets, CINF comes in at #6 by 3-year correlation. On 12-month performance CINF holds a 13.0-point edge, +1.5% against +14.5%.
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.
AXS vs CINF: side by side
| AXS (Axis Capital Holdings Limited) | CINF (Cincinnati Financial) | |
|---|---|---|
| 1-year return | +1.5% | +14.5% |
| 5-year return | +118.2% | +58.8% |
| Volatility (ann.) | 23.0% | 21.6% |
| Beta vs S&P 500 | 0.30 | 0.36 |
| Max drawdown (3Y) | -17.4% | -20.0% |
| Market cap | $7.2B | $26.5B |
| P/E (trailing) | 7.1 | 8.1 |
| Dividend yield | 1.76% | 2.10% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AXS | CINF |
|---|---|---|
| 2022 | +2.6% | -7.9% |
| 2023 | +5.6% | +4.0% |
| 2024 | +63.9% | +42.5% |
| 2025 | +21.9% | +16.3% |
| 2026 | -6.7% | +6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXS and CINF good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AXS and CINF?
As of 2026-08-27, the correlation of weekly returns between AXS and CINF is 0.66 over 3 years, 0.64 over 1 year and 0.61 over 5 years.
Is CINF a good diversifier for AXS?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 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/axs-vs-cinf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/axs-vs-cinf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXS correlations · CINF correlations
