CNO vs SPNT: Correlation
Measured on weekly returns over the past three years, CNO Financial Group, Inc. (CNO) and SiriusPoint Ltd. (SPNT) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNO and SPNT?
On 3 years of weekly data the CNO/SPNT correlation comes out at 0.51, moderate. The link has loosened recently: the 1-year correlation (0.40) runs below the 3-year figure (0.51). The 5-year figure is 0.44, and annualized covariance runs at 312.2 %².
Within CNO's tracked universe of 25 assets, SPNT comes in at #17 by 3-year correlation. Over the last 12 months CNO came out ahead by 12.3 percentage points (+41.6% against +29.3%).
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.
CNO vs SPNT: side by side
| CNO (CNO Financial Group, Inc.) | SPNT (SiriusPoint Ltd.) | |
|---|---|---|
| 1-year return | +41.6% | +29.3% |
| 5-year return | +150.0% | +141.9% |
| Volatility (ann.) | 22.5% | 27.4% |
| Beta vs S&P 500 | 0.69 | 0.37 |
| Max drawdown (3Y) | -15.9% | -16.3% |
| Market cap | $5.1B | $2.8B |
| P/E (trailing) | 18.9 | 5.9 |
| Dividend yield | 1.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNO | SPNT |
|---|---|---|
| 2022 | -1.6% | -27.4% |
| 2023 | +25.1% | +96.6% |
| 2024 | +36.1% | +41.3% |
| 2025 | +16.1% | +33.6% |
| 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 SPNT good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CNO and SPNT?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.40 over the last year and 0.44 over 5 years.
Is SPNT a good diversifier for CNO?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cno-vs-spnt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cno-vs-spnt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNO correlations · SPNT correlations
