CINF vs RNR: Correlation
Measured on weekly returns over the past three years, Cincinnati Financial (CINF) and RenaissanceRe Holdings Ltd. (RNR) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CINF and RNR?
On 3 years of weekly data the CINF/RNR correlation comes out at 0.55, moderate. The past 12 months show a tighter link (0.70) than the 3-year average (0.55). The 5-year figure is 0.46, and annualized covariance runs at 249.0 %².
Within CINF's tracked universe of 49 assets, RNR comes in at #23 by 3-year correlation. The last year tells two different stories: RNR led by 21.3 percentage points, +14.5% for CINF against +35.8% for RNR.
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 RNR: side by side
| CINF (Cincinnati Financial) | RNR (RenaissanceRe Holdings Ltd.) | |
|---|---|---|
| 1-year return | +14.5% | +35.8% |
| 5-year return | +58.8% | +120.0% |
| Volatility (ann.) | 21.6% | 21.1% |
| Beta vs S&P 500 | 0.36 | 0.09 |
| Max drawdown (3Y) | -20.0% | -23.1% |
| Market cap | $26.5B | $13.7B |
| P/E (trailing) | 8.1 | 5.7 |
| Dividend yield | 2.10% | 0.49% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CINF | RNR |
|---|---|---|
| 2022 | -7.9% | +9.9% |
| 2023 | +4.0% | +7.2% |
| 2024 | +42.5% | +27.8% |
| 2025 | +16.3% | +13.6% |
| 2026 | +6.8% | +17.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CINF and RNR good diversifiers for each other?
To a limited degree. At 0.55 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 RNR?
As of 2026-08-27, the correlation of weekly returns between CINF and RNR is 0.55 over 3 years, 0.70 over 1 year and 0.46 over 5 years.
Is RNR a good diversifier for CINF?
To a limited degree. At 0.55 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 0.55 mean?
On the −1 to +1 scale, 0.55 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-rnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cinf-vs-rnr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CINF correlations · RNR correlations
