CINF vs DGICA: Correlation
Cincinnati Financial (CINF) and Donegal Group, Inc. (DGICA) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CINF and DGICA?
Across a 3-year window, the weekly returns of CINF and DGICA correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.52, with an annualized covariance of 264.5 %².
Within CINF's tracked universe of 49 assets, DGICA comes in at #27 by 3-year correlation. Twelve-month performance is nearly a tie, at +14.5% for CINF and +12.6% for DGICA.
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 DGICA: side by side
| CINF (Cincinnati Financial) | DGICA (Donegal Group, Inc.) | |
|---|---|---|
| 1-year return | +14.5% | +12.6% |
| 5-year return | +58.8% | +57.1% |
| Volatility (ann.) | 21.6% | 23.2% |
| Beta vs S&P 500 | 0.36 | 0.18 |
| Max drawdown (3Y) | -20.0% | -20.4% |
| Market cap | $26.5B | $0.7B |
| P/E (trailing) | 8.1 | 9.9 |
| Dividend yield | 2.10% | 3.87% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CINF | DGICA |
|---|---|---|
| 2022 | -7.9% | +4.0% |
| 2023 | +4.0% | +3.2% |
| 2024 | +42.5% | +15.9% |
| 2025 | +16.3% | +34.7% |
| 2026 | +6.8% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CINF and DGICA good diversifiers for each other?
To a limited degree. At 0.53 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 DGICA?
As of 2026-08-27, the correlation of weekly returns between CINF and DGICA is 0.53 over 3 years, 0.52 over 1 year and 0.52 over 5 years.
Is DGICA a good diversifier for CINF?
To a limited degree. At 0.53 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 0.53 mean?
A reading of 0.53 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-dgica.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cinf-vs-dgica/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CINF correlations · DGICA correlations
