CNC vs FICO: Correlation
Measured on weekly returns over the past three years, Centene Corporation (CNC) and Fair Isaac (FICO) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNC and FICO?
Over the past 3 years, CNC and FICO moved with a correlation of 0.29, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.46 versus 0.29 over 3 years. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 594.1 %².
Within CNC's tracked universe of 30 assets, FICO comes in at #12 by 3-year correlation. The last year tells two different stories: CNC led by 145.0 percentage points, +126.5% for CNC against -18.5% for FICO. On a rolling one-year basis the correlation drifted between 0.02 and 0.49, a moderate band.
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.
CNC vs FICO: side by side
| CNC (Centene Corporation) | FICO (Fair Isaac) | |
|---|---|---|
| 1-year return | +126.5% | -18.5% |
| 5-year return | +3.3% | +154.2% |
| Volatility (ann.) | 45.4% | 45.1% |
| Beta vs S&P 500 | 0.36 | 1.27 |
| Max drawdown (3Y) | -68.6% | -61.3% |
| Market cap | $32.3B | $25.0B |
| P/E (trailing) | – | 32.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Health Care | Information Technology |
Year-by-year returns
| Year | CNC | FICO |
|---|---|---|
| 2022 | -0.5% | +38.0% |
| 2023 | -9.5% | +94.5% |
| 2024 | -18.4% | +71.0% |
| 2025 | -32.1% | -15.1% |
| 2026 | +58.8% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNC and FICO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CNC and FICO?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.46 over the last year and 0.28 over 5 years.
Is FICO a good diversifier for CNC?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cnc-vs-fico.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnc-vs-fico/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CNC correlations · FICO correlations
