CINF vs PGR: Correlation
Cincinnati Financial (CINF) and Progressive Corporation (PGR) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CINF and PGR?
On 3 years of weekly data the CINF/PGR correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.50 over 3. The 5-year figure is 0.46, and annualized covariance runs at 254.2 %².
Within CINF's tracked universe of 49 assets, PGR comes in at #30 by 3-year correlation. The last year tells two different stories: CINF led by 19.8 percentage points, +14.5% for CINF against -5.3% for PGR. The rolling one-year correlation moved between 0.30 and 0.68 over the past three years, a moderate range.
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 PGR: side by side
| CINF (Cincinnati Financial) | PGR (Progressive Corporation) | |
|---|---|---|
| 1-year return | +14.5% | -5.3% |
| 5-year return | +58.8% | +153.0% |
| Volatility (ann.) | 21.6% | 23.6% |
| Beta vs S&P 500 | 0.36 | 0.32 |
| Max drawdown (3Y) | -20.0% | -30.4% |
| Market cap | $26.5B | $126.5B |
| P/E (trailing) | 8.1 | 10.9 |
| Dividend yield | 2.10% | 0.18% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | CINF | PGR |
|---|---|---|
| 2022 | -7.9% | +26.8% |
| 2023 | +4.0% | +23.2% |
| 2024 | +42.5% | +51.4% |
| 2025 | +16.3% | -3.0% |
| 2026 | +6.8% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CINF and PGR good diversifiers for each other?
Only partially. A correlation of 0.50 means CINF and PGR 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 PGR?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.44 over the last year and 0.46 over 5 years.
Is PGR a good diversifier for CINF?
Only partially. A correlation of 0.50 means CINF and PGR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cinf-vs-pgr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cinf-vs-pgr/)
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Related comparisons
Hubs: CINF correlations · PGR correlations
