CI vs EIG: Correlation
Cigna (CI) and Employers Holdings Inc (EIG) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CI and EIG?
On 3 years of weekly data the CI/EIG correlation comes out at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 248.0 %².
Within CI's tracked universe of 30 assets, EIG comes in at #7 by 3-year correlation. The last year tells two different stories: EIG led by 22.1 percentage points, -5.4% for CI against +16.7% for EIG.
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.
CI vs EIG: side by side
| CI (Cigna) | EIG (Employers Holdings Inc) | |
|---|---|---|
| 1-year return | -5.4% | +16.7% |
| 5-year return | +46.7% | +43.2% |
| Volatility (ann.) | 26.7% | 22.8% |
| Beta vs S&P 500 | 0.22 | 0.32 |
| Max drawdown (3Y) | -32.1% | -31.3% |
| Market cap | $73.4B | $0.9B |
| P/E (trailing) | 11.6 | 62.1 |
| Dividend yield | 2.19% | 2.64% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | CI | EIG |
|---|---|---|
| 2022 | +46.7% | +12.6% |
| 2023 | -8.0% | -6.1% |
| 2024 | -6.3% | +33.4% |
| 2025 | +1.7% | -13.3% |
| 2026 | +2.0% | +16.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CI and EIG good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CI and EIG?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.49 over the last year and 0.39 over 5 years.
Is EIG a good diversifier for CI?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
A reading of 0.41 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/ci-vs-eig.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ci-vs-eig/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CI correlations · EIG correlations
