CNA vs TRV: Correlation
Measured on weekly returns over the past three years, CNA Financial Corporation (CNA) and Travelers Companies (The) (TRV) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNA and TRV?
On 3 years of weekly data the CNA/TRV correlation comes out at 0.63, strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.63 over 3. The 5-year figure is 0.65, and annualized covariance runs at 259.6 %².
By 3-year correlation, TRV places #8 of the 26 assets tracked against CNA. Their recent paths diverged sharply: over the last 12 months TRV outperformed by 30.2 percentage points (+7.6% for CNA against +37.8% for TRV).
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 TRV: side by side
| CNA (CNA Financial Corporation) | TRV (Travelers Companies (The)) | |
|---|---|---|
| 1-year return | +7.6% | +37.8% |
| 5-year return | +64.0% | +155.3% |
| Volatility (ann.) | 19.8% | 20.8% |
| Beta vs S&P 500 | 0.21 | 0.36 |
| Max drawdown (3Y) | -14.6% | -12.5% |
| Market cap | $13.2B | $77.0B |
| P/E (trailing) | 10.9 | 10.0 |
| Dividend yield | 3.80% | 1.23% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CNA | TRV |
|---|---|---|
| 2022 | +3.8% | +22.4% |
| 2023 | +7.1% | +3.9% |
| 2024 | +24.0% | +28.8% |
| 2025 | +7.0% | +22.4% |
| 2026 | +10.1% | +28.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNA and TRV good diversifiers for each other?
Only partially. A correlation of 0.63 means CNA and TRV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CNA and TRV?
The CNA/TRV correlation stands at 0.63 on a 3-year window (1 year: 0.68, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is TRV a good diversifier for CNA?
Only partially. A correlation of 0.63 means CNA and TRV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
A reading of 0.63 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
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Related comparisons
Hubs: CNA correlations · TRV correlations
