CNO vs WTFC: Correlation
How closely do CNO Financial Group, Inc. (CNO) and Wintrust Financial Corporation (WTFC) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNO and WTFC?
Across a 3-year window, the weekly returns of CNO and WTFC correlate at 0.69, strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.69 over 3. Stretching to 5 years gives 0.70, with an annualized covariance of 432.6 %².
Among the 25 assets we track against CNO, WTFC ranks #5 by 3-year correlation. The last year tells two different stories: CNO led by 28.9 percentage points, +41.6% for CNO against +12.7% for WTFC.
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 WTFC: side by side
| CNO (CNO Financial Group, Inc.) | WTFC (Wintrust Financial Corporation) | |
|---|---|---|
| 1-year return | +41.6% | +12.7% |
| 5-year return | +150.0% | +127.7% |
| Volatility (ann.) | 22.5% | 27.6% |
| Beta vs S&P 500 | 0.69 | 1.06 |
| Max drawdown (3Y) | -15.9% | -31.0% |
| Market cap | $5.1B | $10.3B |
| P/E (trailing) | 18.9 | 12.3 |
| Dividend yield | 1.26% | 1.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNO | WTFC |
|---|---|---|
| 2022 | -1.6% | -5.5% |
| 2023 | +25.1% | +12.0% |
| 2024 | +36.1% | +36.8% |
| 2025 | +16.1% | +13.9% |
| 2026 | +30.9% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNO and WTFC good diversifiers for each other?
To a limited degree. At 0.69 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 WTFC?
The CNO/WTFC correlation stands at 0.69 on a 3-year window (1 year: 0.65, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is WTFC a good diversifier for CNO?
To a limited degree. At 0.69 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 0.69 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.
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Related comparisons
Hubs: CNO correlations · WTFC correlations
