CNO vs GNW: Correlation
CNO Financial Group, Inc. (CNO) and Genworth Financial Inc (GNW) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNO and GNW?
Across a 3-year window, the weekly returns of CNO and GNW correlate at 0.67, strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.67 over 3. Stretching to 5 years gives 0.57, with an annualized covariance of 427.4 %².
Within CNO's tracked universe of 25 assets, GNW comes in at #6 by 3-year correlation. The last year tells two different stories: CNO led by 27.1 percentage points, +41.6% for CNO against +14.5% for GNW.
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 GNW: side by side
| CNO (CNO Financial Group, Inc.) | GNW (Genworth Financial Inc) | |
|---|---|---|
| 1-year return | +41.6% | +14.5% |
| 5-year return | +150.0% | +172.1% |
| Volatility (ann.) | 22.5% | 28.1% |
| Beta vs S&P 500 | 0.69 | 0.59 |
| Max drawdown (3Y) | -15.9% | -21.7% |
| Market cap | $5.1B | $3.8B |
| P/E (trailing) | 18.9 | 19.5 |
| Dividend yield | 1.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNO | GNW |
|---|---|---|
| 2022 | -1.6% | +30.6% |
| 2023 | +25.1% | +26.3% |
| 2024 | +36.1% | +4.6% |
| 2025 | +16.1% | +29.2% |
| 2026 | +30.9% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNO and GNW good diversifiers for each other?
Only partially. A correlation of 0.67 means CNO and GNW 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 GNW?
The CNO/GNW correlation stands at 0.67 on a 3-year window (1 year: 0.72, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is GNW a good diversifier for CNO?
Only partially. A correlation of 0.67 means CNO and GNW share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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/cno-vs-gnw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cno-vs-gnw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNO correlations · GNW correlations
