AIZ vs HMN: Correlation
How closely do Assurant (AIZ) and Horace Mann Educators Corporation (HMN) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIZ and HMN?
On 3 years of weekly data the AIZ/HMN correlation comes out at 0.60, strong. The past 12 months show a weaker link (0.41) than the 3-year average (0.60). The 5-year figure is 0.48, and annualized covariance runs at 257.9 %².
By 3-year correlation, HMN places #10 of the 34 assets tracked against AIZ. Their recent paths diverged sharply: over the last 12 months AIZ outperformed by 18.2 percentage points (+34.1% for AIZ against +15.9% for HMN).
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 HMN: side by side
| AIZ (Assurant) | HMN (Horace Mann Educators Corporation) | |
|---|---|---|
| 1-year return | +34.1% | +15.9% |
| 5-year return | +83.5% | +48.6% |
| Volatility (ann.) | 21.5% | 20.0% |
| Beta vs S&P 500 | 0.60 | 0.26 |
| Max drawdown (3Y) | -20.8% | -17.1% |
| Market cap | $14.1B | $2.1B |
| P/E (trailing) | 13.8 | 12.0 |
| Dividend yield | 1.19% | 2.76% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIZ | HMN |
|---|---|---|
| 2022 | -18.3% | -0.1% |
| 2023 | +37.5% | -8.8% |
| 2024 | +28.5% | +24.6% |
| 2025 | +14.7% | +21.5% |
| 2026 | +19.4% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIZ and HMN good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AIZ and HMN?
The AIZ/HMN correlation stands at 0.60 on a 3-year window (1 year: 0.41, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is HMN a good diversifier for AIZ?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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-hmn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aiz-vs-hmn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AIZ correlations · HMN correlations
