AIZ vs THG: Correlation
Assurant (AIZ) and Hanover Insurance Group Inc (THG) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIZ and THG?
On 3 years of weekly data the AIZ/THG correlation comes out at 0.58, moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.58 over 3. The 5-year figure is 0.53, and annualized covariance runs at 275.2 %².
Within AIZ's tracked universe of 34 assets, THG comes in at #13 by 3-year correlation. Their 12-month results are close: +34.1% for AIZ against +33.1% for THG.
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 THG: side by side
| AIZ (Assurant) | THG (Hanover Insurance Group Inc) | |
|---|---|---|
| 1-year return | +34.1% | +33.1% |
| 5-year return | +83.5% | +81.9% |
| Volatility (ann.) | 21.5% | 21.9% |
| Beta vs S&P 500 | 0.60 | 0.24 |
| Max drawdown (3Y) | -20.8% | -14.0% |
| Market cap | $14.1B | $7.9B |
| P/E (trailing) | 13.8 | 10.9 |
| Dividend yield | 1.19% | 1.64% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AIZ | THG |
|---|---|---|
| 2022 | -18.3% | +5.4% |
| 2023 | +37.5% | -7.6% |
| 2024 | +28.5% | +30.6% |
| 2025 | +14.7% | +20.7% |
| 2026 | +19.4% | +25.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIZ and THG good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AIZ and THG?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.61 over the last year and 0.53 over 5 years.
Is THG a good diversifier for AIZ?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
A reading of 0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AIZ correlations · THG correlations
