CINF vs THG: Correlation
Cincinnati Financial (CINF) and Hanover Insurance Group Inc (THG) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CINF and THG?
Over the past 3 years, CINF and THG moved with a correlation of 0.69, which is strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. Over 5 years the correlation is 0.67, and the annualized covariance of weekly returns is 327.2 %².
By 3-year correlation, THG places #4 of the 49 assets tracked against CINF. The last year tells two different stories: THG led by 18.6 percentage points, +14.5% for CINF against +33.1% for THG.
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 THG: side by side
| CINF (Cincinnati Financial) | THG (Hanover Insurance Group Inc) | |
|---|---|---|
| 1-year return | +14.5% | +33.1% |
| 5-year return | +58.8% | +81.9% |
| Volatility (ann.) | 21.6% | 21.9% |
| Beta vs S&P 500 | 0.36 | 0.24 |
| Max drawdown (3Y) | -20.0% | -14.0% |
| Market cap | $26.5B | $7.9B |
| P/E (trailing) | 8.1 | 10.9 |
| Dividend yield | 2.10% | 1.64% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CINF | THG |
|---|---|---|
| 2022 | -7.9% | +5.4% |
| 2023 | +4.0% | -7.6% |
| 2024 | +42.5% | +30.6% |
| 2025 | +16.3% | +20.7% |
| 2026 | +6.8% | +25.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CINF and THG good diversifiers for each other?
To a limited degree. At 0.69 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 THG?
As of 2026-08-27, the correlation of weekly returns between CINF and THG is 0.69 over 3 years, 0.69 over 1 year and 0.67 over 5 years.
Is THG a good diversifier for CINF?
To a limited degree. At 0.69 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 0.69 mean?
A reading of 0.69 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-thg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cinf-vs-thg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CINF correlations · THG correlations
