BBAR vs CI: Correlation
Measured on weekly returns over the past three years, Banco BBVA Argentina S.A. (BBAR) and Cigna (CI) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBAR and CI?
Across a 3-year window, the weekly returns of BBAR and CI correlate at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.52 versus -0.23 over 3 years. Stretching to 5 years gives -0.10, with an annualized covariance of -437.6 %².
Among the 17 assets we track against BBAR, CI sits near the bottom by co-movement, at rank #14. Their recent paths diverged sharply: over the last 12 months BBAR outperformed by 26.0 percentage points (+20.6% for BBAR against -5.4% for CI). One caveat on sizing: BBAR is 2.6 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.
BBAR vs CI: side by side
| BBAR (Banco BBVA Argentina S.A.) | CI (Cigna) | |
|---|---|---|
| 1-year return | +20.6% | -5.4% |
| 5-year return | +356.0% | +46.7% |
| Volatility (ann.) | 70.3% | 26.7% |
| Beta vs S&P 500 | 1.06 | 0.22 |
| Max drawdown (3Y) | -66.3% | -32.1% |
| Market cap | $3.0B | $73.4B |
| P/E (trailing) | 15.9 | 11.6 |
| Dividend yield | 0.00% | 2.19% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | BBAR | CI |
|---|---|---|
| 2022 | +34.6% | +46.7% |
| 2023 | +47.3% | -8.0% |
| 2024 | +315.7% | -6.3% |
| 2025 | -5.2% | +1.7% |
| 2026 | -17.7% | +2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBAR and CI good diversifiers for each other?
Yes. With a correlation of -0.23, BBAR and CI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BBAR and CI?
The BBAR/CI correlation stands at -0.23 on a 3-year window (1 year: -0.52, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is CI a good diversifier for BBAR?
Yes. With a correlation of -0.23, BBAR and CI have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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.
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Related comparisons
Hubs: BBAR correlations · CI correlations
