CINF vs UVE: Correlation
How closely do Cincinnati Financial (CINF) and UNIVERSAL INSURANCE HOLDINGS INC (UVE) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CINF and UVE?
Over the past 3 years, CINF and UVE moved with a correlation of 0.52, which is moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 372.6 %².
Among the 49 assets we track against CINF, UVE ranks #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months UVE outperformed by 65.8 percentage points (+14.5% for CINF against +80.3% for UVE). Note the risk asymmetry: UVE runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 UVE: side by side
| CINF (Cincinnati Financial) | UVE (UNIVERSAL INSURANCE HOLDINGS INC) | |
|---|---|---|
| 1-year return | +14.5% | +80.3% |
| 5-year return | +58.8% | +277.8% |
| Volatility (ann.) | 21.6% | 33.5% |
| Beta vs S&P 500 | 0.36 | 0.36 |
| Max drawdown (3Y) | -20.0% | -25.7% |
| Market cap | $26.5B | $1.2B |
| P/E (trailing) | 8.1 | 5.7 |
| Dividend yield | 2.10% | 1.46% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CINF | UVE |
|---|---|---|
| 2022 | -7.9% | -33.5% |
| 2023 | +4.0% | +58.1% |
| 2024 | +42.5% | +36.8% |
| 2025 | +16.3% | +65.3% |
| 2026 | +6.8% | +29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CINF and UVE good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CINF and UVE?
The CINF/UVE correlation stands at 0.52 on a 3-year window (1 year: 0.50, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is UVE a good diversifier for CINF?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 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-uve.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cinf-vs-uve/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CINF correlations · UVE correlations
