AGO vs HIG: Correlation
How closely do Assured Guaranty Ltd. (AGO) and Hartford (The) (HIG) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGO and HIG?
Across a 3-year window, the weekly returns of AGO and HIG correlate at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Stretching to 5 years gives 0.60, with an annualized covariance of 238.9 %².
Within AGO's tracked universe of 14 assets, HIG comes in at #5 by 3-year correlation. The trailing year gives HIG the advantage: -6.2% versus +5.4%, a 11.6-point spread.
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.
AGO vs HIG: side by side
| AGO (Assured Guaranty Ltd.) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | -6.2% | +5.4% |
| 5-year return | +64.9% | +127.4% |
| Volatility (ann.) | 21.4% | 19.5% |
| Beta vs S&P 500 | 0.51 | 0.39 |
| Max drawdown (3Y) | -22.0% | -13.7% |
| Market cap | $3.3B | $37.3B |
| P/E (trailing) | 10.1 | 9.7 |
| Dividend yield | 1.90% | 1.66% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AGO | HIG |
|---|---|---|
| 2022 | +26.2% | +12.3% |
| 2023 | +22.5% | +8.5% |
| 2024 | +22.1% | +38.5% |
| 2025 | +0.6% | +28.1% |
| 2026 | -14.4% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGO and HIG good diversifiers for each other?
Only partially. A correlation of 0.57 means AGO 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 AGO and HIG?
The AGO/HIG correlation stands at 0.57 on a 3-year window (1 year: 0.60, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is HIG a good diversifier for AGO?
Only partially. A correlation of 0.57 means AGO 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 0.57 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ago-vs-hig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ago-vs-hig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AGO correlations · HIG correlations
