CNO vs GL: Correlation
CNO Financial Group, Inc. (CNO) and Globe Life (GL) 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 CNO and GL?
Across a 3-year window, the weekly returns of CNO and GL correlate at 0.50, moderate. The link has tightened recently: the 1-year correlation (0.72) runs above the 3-year figure (0.50). Stretching to 5 years gives 0.53, with an annualized covariance of 404.7 %².
Among the 25 assets we track against CNO, GL ranks #18 by 3-year correlation. The last year tells two different stories: CNO led by 15.5 percentage points, +41.6% for CNO against +26.1% for GL. Risk is not evenly split, since GL carries 1.6 times the volatility of the other side.
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.
CNO vs GL: side by side
| CNO (CNO Financial Group, Inc.) | GL (Globe Life) | |
|---|---|---|
| 1-year return | +41.6% | +26.1% |
| 5-year return | +150.0% | +91.0% |
| Volatility (ann.) | 22.5% | 35.7% |
| Beta vs S&P 500 | 0.69 | 0.60 |
| Max drawdown (3Y) | -15.9% | -61.6% |
| Market cap | $5.1B | $13.5B |
| P/E (trailing) | 18.9 | 11.7 |
| Dividend yield | 1.26% | 0.68% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CNO | GL |
|---|---|---|
| 2022 | -1.6% | +29.7% |
| 2023 | +25.1% | +1.8% |
| 2024 | +36.1% | -7.5% |
| 2025 | +16.1% | +26.5% |
| 2026 | +30.9% | +26.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNO and GL good diversifiers for each other?
Only partially. A correlation of 0.50 means CNO and GL 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 CNO and GL?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.72 over the last year and 0.53 over 5 years.
Is GL a good diversifier for CNO?
Only partially. A correlation of 0.50 means CNO and GL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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/cno-vs-gl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cno-vs-gl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNO correlations · GL correlations
