AGIG vs HIG: Correlation
Measured on weekly returns over the past three years, Abundia Global Impact Group Inc. (AGIG) and Hartford (The) (HIG) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and HIG?
On 3 years of weekly data the AGIG/HIG correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.30 over 1 year against -0.22 over 3. The 5-year figure is -0.10, and annualized covariance runs at -670.5 %².
Within AGIG's tracked universe of 34 assets, HIG comes in at #21 by 3-year correlation. The last year tells two different stories: HIG led by 94.1 percentage points, -88.7% for AGIG against +5.4% for HIG. Note the risk asymmetry: AGIG runs 8.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AGIG vs HIG: side by side
| AGIG (Abundia Global Impact Group Inc.) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | -88.7% | +5.4% |
| 5-year return | -94.6% | +127.4% |
| Volatility (ann.) | 157.1% | 19.5% |
| Beta vs S&P 500 | -0.21 | 0.39 |
| Max drawdown (3Y) | -96.7% | -13.7% |
| Market cap | – | $37.3B |
| P/E (trailing) | – | 9.7 |
| Dividend yield | 0.00% | 1.66% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AGIG | HIG |
|---|---|---|
| 2022 | +140.6% | +12.3% |
| 2023 | -48.0% | +8.5% |
| 2024 | -27.9% | +38.5% |
| 2025 | -84.7% | +28.1% |
| 2026 | -51.0% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and HIG good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between AGIG and HIG?
As of 2026-08-27, the correlation of weekly returns between AGIG and HIG is -0.22 over 3 years, -0.30 over 1 year and -0.10 over 5 years.
Is HIG a good diversifier for AGIG?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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.
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Related comparisons
Hubs: AGIG correlations · HIG correlations
