CINF vs VXZ: Correlation
Measured on weekly returns over the past three years, Cincinnati Financial (CINF) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CINF and VXZ?
Across a 3-year window, the weekly returns of CINF and VXZ correlate at -0.32, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.18) than the 3-year average (-0.32). Stretching to 5 years gives -0.32, with an annualized covariance of -176.1 %².
Among the 49 assets we track against CINF, VXZ sits near the bottom by co-movement, at rank #49. Correlation aside, the last 12 months split them widely, with CINF ahead by 30.6 points (+14.5% versus -16.1%).
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 VXZ: side by side
| CINF (Cincinnati Financial) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +14.5% | -16.1% |
| 5-year return | +58.8% | -53.1% |
| Volatility (ann.) | 21.6% | 25.6% |
| Beta vs S&P 500 | 0.36 | -1.31 |
| Max drawdown (3Y) | -20.0% | -36.4% |
| Market cap | $26.5B | – |
| P/E (trailing) | 8.1 | – |
| Dividend yield | 2.10% | – |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CINF | VXZ |
|---|---|---|
| 2022 | -7.9% | +0.5% |
| 2023 | +4.0% | -44.0% |
| 2024 | +42.5% | -12.7% |
| 2025 | +16.3% | +5.7% |
| 2026 | +6.8% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CINF and VXZ good diversifiers for each other?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CINF and VXZ?
The CINF/VXZ correlation stands at -0.32 on a 3-year window (1 year: -0.18, 5 years: -0.32), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for CINF?
Yes: at -0.32, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.32 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cinf-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cinf-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CINF correlations · VXZ correlations
