AFG vs HIG: Correlation
American Financial Group, Inc. (AFG) and Hartford (The) (HIG) 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 AFG and HIG?
Across a 3-year window, the weekly returns of AFG and HIG correlate at 0.67, strong. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 254.8 %².
Few assets follow AFG as closely as HIG, which ranks #2 of 19 tracked partners. On 12-month performance AFG holds a 5.0-point edge, +10.4% against +5.4%.
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.
AFG vs HIG: side by side
| AFG (American Financial Group, Inc.) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | +10.4% | +5.4% |
| 5-year return | +56.7% | +127.4% |
| Volatility (ann.) | 19.5% | 19.5% |
| Beta vs S&P 500 | 0.43 | 0.39 |
| Max drawdown (3Y) | -19.8% | -13.7% |
| Market cap | $11.8B | $37.3B |
| P/E (trailing) | 12.7 | 9.7 |
| Dividend yield | 2.43% | 1.66% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AFG | HIG |
|---|---|---|
| 2022 | +10.9% | +12.3% |
| 2023 | -7.6% | +8.5% |
| 2024 | +23.8% | +38.5% |
| 2025 | +5.4% | +28.1% |
| 2026 | +7.7% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFG and HIG good diversifiers for each other?
Only partially. A correlation of 0.67 means AFG and HIG 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 AFG and HIG?
As of 2026-08-27, the correlation of weekly returns between AFG and HIG is 0.67 over 3 years, 0.65 over 1 year and 0.70 over 5 years.
Is HIG a good diversifier for AFG?
Only partially. A correlation of 0.67 means AFG and HIG 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/afg-vs-hig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/afg-vs-hig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AFG correlations · HIG correlations
