CINF vs CNA: Correlation
Measured on weekly returns over the past three years, Cincinnati Financial (CINF) and CNA Financial Corporation (CNA) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CINF and CNA?
Over the past 3 years, CINF and CNA moved with a correlation of 0.67, which is strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 284.1 %².
Within CINF's tracked universe of 49 assets, CNA comes in at #5 by 3-year correlation. On 12-month performance CINF holds a 6.9-point edge, +14.5% against +7.6%.
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.
CINF vs CNA: side by side
| CINF (Cincinnati Financial) | CNA (CNA Financial Corporation) | |
|---|---|---|
| 1-year return | +14.5% | +7.6% |
| 5-year return | +58.8% | +64.0% |
| Volatility (ann.) | 21.6% | 19.8% |
| Beta vs S&P 500 | 0.36 | 0.21 |
| Max drawdown (3Y) | -20.0% | -14.6% |
| Market cap | $26.5B | $13.2B |
| P/E (trailing) | 8.1 | 10.9 |
| Dividend yield | 2.10% | 3.80% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CINF | CNA |
|---|---|---|
| 2022 | -7.9% | +3.8% |
| 2023 | +4.0% | +7.1% |
| 2024 | +42.5% | +24.0% |
| 2025 | +16.3% | +7.0% |
| 2026 | +6.8% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CINF and CNA good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CINF and CNA?
As of 2026-08-27, the correlation of weekly returns between CINF and CNA is 0.67 over 3 years, 0.66 over 1 year and 0.63 over 5 years.
Is CNA a good diversifier for CINF?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
A reading of 0.67 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/cinf-vs-cna.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cinf-vs-cna/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CINF correlations · CNA correlations
