CINF vs MKL: Correlation
How closely do Cincinnati Financial (CINF) and Markel Group Inc. (MKL) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CINF and MKL?
Over the past 3 years, CINF and MKL moved with a correlation of 0.58, which is moderate. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 263.0 %².
By 3-year correlation, MKL places #18 of the 49 assets tracked against CINF. Correlation aside, the last 12 months split them widely, with CINF ahead by 22.3 points (+14.5% versus -7.8%).
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 MKL: side by side
| CINF (Cincinnati Financial) | MKL (Markel Group Inc.) | |
|---|---|---|
| 1-year return | +14.5% | -7.8% |
| 5-year return | +58.8% | +43.0% |
| Volatility (ann.) | 21.6% | 21.0% |
| Beta vs S&P 500 | 0.36 | 0.44 |
| Max drawdown (3Y) | -20.0% | -20.1% |
| Market cap | $26.5B | $22.4B |
| P/E (trailing) | 8.1 | 10.0 |
| Dividend yield | 2.10% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CINF | MKL |
|---|---|---|
| 2022 | -7.9% | +6.8% |
| 2023 | +4.0% | +7.8% |
| 2024 | +42.5% | +21.6% |
| 2025 | +16.3% | +24.5% |
| 2026 | +6.8% | -16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CINF and MKL good diversifiers for each other?
Only partially. A correlation of 0.58 means CINF and MKL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CINF and MKL?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.61 over the last year and 0.58 over 5 years.
Is MKL a good diversifier for CINF?
Only partially. A correlation of 0.58 means CINF and MKL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
A reading of 0.58 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-mkl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cinf-vs-mkl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CINF correlations · MKL correlations
