AIG vs HIG: Correlation
How closely do American International Group (AIG) and Hartford (The) (HIG) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIG and HIG?
On 3 years of weekly data the AIG/HIG correlation comes out at 0.65, strong. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 255.0 %².
In AIG's tracked universe of 28 assets, HIG sits right near the top at #1. On 12-month performance HIG holds a 10.0-point edge, -4.6% against +5.4%. The rolling one-year correlation moved between 0.53 and 0.84 over the past three years, a moderate range.
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.
AIG vs HIG: side by side
| AIG (American International Group) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | -4.6% | +5.4% |
| 5-year return | +58.9% | +127.4% |
| Volatility (ann.) | 20.1% | 19.5% |
| Beta vs S&P 500 | 0.46 | 0.39 |
| Max drawdown (3Y) | -17.0% | -13.7% |
| Market cap | $40.1B | $37.3B |
| P/E (trailing) | 14.0 | 9.7 |
| Dividend yield | 2.40% | 1.66% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AIG | HIG |
|---|---|---|
| 2022 | +13.8% | +12.3% |
| 2023 | +9.8% | +8.5% |
| 2024 | +9.8% | +38.5% |
| 2025 | +20.0% | +28.1% |
| 2026 | -9.3% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIG and HIG good diversifiers for each other?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AIG and HIG?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.57 over the last year and 0.74 over 5 years.
Is HIG a good diversifier for AIG?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.65 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/aig-vs-hig.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIG correlations · HIG correlations
