CINF vs HG: Correlation
Measured on weekly returns over the past three years, Cincinnati Financial (CINF) and Hamilton Insurance Group, Ltd. Class B (HG) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CINF and HG?
Across a 3-year window, the weekly returns of CINF and HG correlate at 0.47, moderate. The link has tightened recently: the 1-year correlation (0.62) runs above the 3-year figure (0.47). Stretching to 5 years gives n/a, with an annualized covariance of 311.0 %².
Within CINF's tracked universe of 49 assets, HG comes in at #34 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HG outperformed by 41.1 percentage points (+14.5% for CINF against +55.6% for HG).
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 HG: side by side
| CINF (Cincinnati Financial) | HG (Hamilton Insurance Group, Ltd. Class B) | |
|---|---|---|
| 1-year return | +14.5% | +55.6% |
| 5-year return | +58.8% | n/a |
| Volatility (ann.) | 21.6% | 30.1% |
| Beta vs S&P 500 | 0.36 | 0.12 |
| Max drawdown (3Y) | -20.0% | -21.1% |
| Market cap | $26.5B | $3.5B |
| P/E (trailing) | 8.1 | 6.2 |
| Dividend yield | 2.10% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CINF | HG |
|---|---|---|
| 2022 | -7.9% | – |
| 2023 | +4.0% | – |
| 2024 | +42.5% | +27.3% |
| 2025 | +16.3% | +46.6% |
| 2026 | +6.8% | +35.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CINF and HG good diversifiers for each other?
Reasonably. At 0.47, CINF and HG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CINF and HG?
As of 2026-08-27, the correlation of weekly returns between CINF and HG is 0.47 over 3 years, 0.62 over 1 year and n/a over 5 years.
Is HG a good diversifier for CINF?
Reasonably. At 0.47, CINF and HG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 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-hg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cinf-vs-hg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CINF correlations · HG correlations
