CNA vs PGR: Correlation
CNA Financial Corporation (CNA) 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 CNA and PGR?
Across a 3-year window, the weekly returns of CNA and PGR correlate at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 234.1 %².
By 3-year correlation, PGR places #16 of the 26 assets tracked against CNA. On 12-month performance CNA holds a 12.9-point edge, +7.6% against -5.3%.
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.
CNA vs PGR: side by side
| CNA (CNA Financial Corporation) | PGR (Progressive Corporation) | |
|---|---|---|
| 1-year return | +7.6% | -5.3% |
| 5-year return | +64.0% | +153.0% |
| Volatility (ann.) | 19.8% | 23.6% |
| Beta vs S&P 500 | 0.21 | 0.32 |
| Max drawdown (3Y) | -14.6% | -30.4% |
| Market cap | $13.2B | $126.5B |
| P/E (trailing) | 10.9 | 10.9 |
| Dividend yield | 3.80% | 0.18% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CNA | PGR |
|---|---|---|
| 2022 | +3.8% | +26.8% |
| 2023 | +7.1% | +23.2% |
| 2024 | +24.0% | +51.4% |
| 2025 | +7.0% | -3.0% |
| 2026 | +10.1% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNA and PGR good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CNA and PGR?
The CNA/PGR correlation stands at 0.50 on a 3-year window (1 year: 0.46, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is PGR a good diversifier for CNA?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/cna-vs-pgr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cna-vs-pgr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNA correlations · PGR correlations
