AIZ vs HIG: Correlation
Measured on weekly returns over the past three years, Assurant (AIZ) and Hartford (The) (HIG) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIZ and HIG?
Over the past 3 years, AIZ and HIG moved with a correlation of 0.62, which is strong. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 259.9 %².
Within AIZ's tracked universe of 34 assets, HIG comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AIZ ahead by 28.7 points (+34.1% versus +5.4%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.28 and 0.81 over the past three years, so this pair behaves very differently depending on the market environment.
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.
AIZ vs HIG: side by side
| AIZ (Assurant) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | +34.1% | +5.4% |
| 5-year return | +83.5% | +127.4% |
| Volatility (ann.) | 21.5% | 19.5% |
| Beta vs S&P 500 | 0.60 | 0.39 |
| Max drawdown (3Y) | -20.8% | -13.7% |
| Market cap | $14.1B | $37.3B |
| P/E (trailing) | 13.8 | 9.7 |
| Dividend yield | 1.19% | 1.66% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AIZ | HIG |
|---|---|---|
| 2022 | -18.3% | +12.3% |
| 2023 | +37.5% | +8.5% |
| 2024 | +28.5% | +38.5% |
| 2025 | +14.7% | +28.1% |
| 2026 | +19.4% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIZ and HIG good diversifiers for each other?
Only partially. A correlation of 0.62 means AIZ 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 AIZ and HIG?
As of 2026-08-27, the correlation of weekly returns between AIZ and HIG is 0.62 over 3 years, 0.55 over 1 year and 0.55 over 5 years.
Is HIG a good diversifier for AIZ?
Only partially. A correlation of 0.62 means AIZ 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 0.62 mean?
On the −1 to +1 scale, 0.62 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/aiz-vs-hig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aiz-vs-hig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AIZ correlations · HIG correlations
