CPF vs IGIC: Correlation
Central Pacific Financial Corp New (CPF) and International General Insurance Holdings Ltd. (IGIC) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPF and IGIC?
Over the past 3 years, CPF and IGIC moved with a correlation of 0.49, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 370.1 %².
By 3-year correlation, IGIC places #11 of the 19 assets tracked against CPF. On 12-month performance CPF holds a 8.6-point edge, +24.4% against +15.8%.
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.
CPF vs IGIC: side by side
| CPF (Central Pacific Financial Corp New) | IGIC (International General Insurance Holdings Ltd.) | |
|---|---|---|
| 1-year return | +24.4% | +15.8% |
| 5-year return | +85.5% | +246.3% |
| Volatility (ann.) | 26.5% | 28.5% |
| Beta vs S&P 500 | 0.84 | 0.53 |
| Max drawdown (3Y) | -25.2% | -18.2% |
| Market cap | $1.0B | $1.1B |
| P/E (trailing) | 12.2 | 10.7 |
| Dividend yield | 2.97% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPF | IGIC |
|---|---|---|
| 2022 | -24.7% | +1.6% |
| 2023 | +2.9% | +61.7% |
| 2024 | +54.3% | +92.4% |
| 2025 | +11.3% | +13.8% |
| 2026 | +23.5% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPF and IGIC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPF and IGIC?
The CPF/IGIC correlation stands at 0.49 on a 3-year window (1 year: 0.47, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is IGIC a good diversifier for CPF?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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/cpf-vs-igic.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cpf-vs-igic/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPF correlations · IGIC correlations
