AFL vs HIG: Correlation
How closely do Aflac (AFL) and Hartford (The) (HIG) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFL and HIG?
Across a 3-year window, the weekly returns of AFL and HIG correlate at 0.61, strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. Stretching to 5 years gives 0.69, with an annualized covariance of 228.0 %².
Among the 32 assets we track against AFL, HIG ranks #8 by 3-year correlation. On 12-month performance AFL holds a 5.4-point edge, +10.8% against +5.4%. On a rolling one-year basis the correlation drifted between 0.37 and 0.77, a moderate band.
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.
AFL vs HIG: side by side
| AFL (Aflac) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | +10.8% | +5.4% |
| 5-year return | +131.3% | +127.4% |
| Volatility (ann.) | 19.2% | 19.5% |
| Beta vs S&P 500 | 0.36 | 0.39 |
| Max drawdown (3Y) | -13.6% | -13.7% |
| Market cap | $58.4B | $37.3B |
| P/E (trailing) | 12.6 | 9.7 |
| Dividend yield | 2.03% | 1.66% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AFL | HIG |
|---|---|---|
| 2022 | +26.4% | +12.3% |
| 2023 | +17.4% | +8.5% |
| 2024 | +28.1% | +38.5% |
| 2025 | +8.9% | +28.1% |
| 2026 | +7.4% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFL and HIG good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AFL and HIG?
The AFL/HIG correlation stands at 0.61 on a 3-year window (1 year: 0.70, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is HIG a good diversifier for AFL?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
A reading of 0.61 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/afl-vs-hig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/afl-vs-hig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AFL correlations · HIG correlations
