CAH vs CINF: Correlation
Cardinal Health (CAH) and Cincinnati Financial (CINF) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAH and CINF?
On 3 years of weekly data the CAH/CINF correlation comes out at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 201.7 %².
By 3-year correlation, CINF places #7 of the 32 assets tracked against CAH. The last year tells two different stories: CAH led by 44.7 percentage points, +59.2% for CAH against +14.5% for CINF. On a rolling one-year basis the correlation drifted between 0.21 and 0.49, a moderate band.
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.
CAH vs CINF: side by side
| CAH (Cardinal Health) | CINF (Cincinnati Financial) | |
|---|---|---|
| 1-year return | +59.2% | +14.5% |
| 5-year return | +409.0% | +58.8% |
| Volatility (ann.) | 24.2% | 21.6% |
| Beta vs S&P 500 | 0.31 | 0.36 |
| Max drawdown (3Y) | -20.4% | -20.0% |
| Market cap | $54.7B | $26.5B |
| P/E (trailing) | 33.0 | 8.1 |
| Dividend yield | 0.86% | 2.10% |
| Sector / category | Health Care | Financials |
Year-by-year returns
| Year | CAH | CINF |
|---|---|---|
| 2022 | +54.1% | -7.9% |
| 2023 | +34.1% | +4.0% |
| 2024 | +19.0% | +42.5% |
| 2025 | +76.3% | +16.3% |
| 2026 | +15.2% | +6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAH and CINF good diversifiers for each other?
Reasonably. At 0.39, CAH and CINF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CAH and CINF?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.45 over the last year and 0.35 over 5 years.
Is CINF a good diversifier for CAH?
Reasonably. At 0.39, CAH and CINF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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
$ curl https://www.pairbook.io/api/v1/pairs/cah-vs-cinf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cah-vs-cinf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CAH correlations · CINF correlations
