ALL vs HIG: Correlation
How closely do Allstate (ALL) and Hartford (The) (HIG) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and HIG?
Over the past 3 years, ALL and HIG moved with a correlation of 0.69, which is strong. Recent behaviour matches the longer record: 0.78 over 1 year against 0.69 over 3. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 296.3 %².
HIG is one of the assets that tracks ALL most closely: it ranks #2 out of the 32 assets we track against ALL. Correlation aside, the last 12 months split them widely, with ALL ahead by 23.5 points (+28.9% versus +5.4%). On a rolling one-year basis the correlation drifted between 0.37 and 0.85, a moderate band.
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.
ALL vs HIG: side by side
| ALL (Allstate) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | +28.9% | +5.4% |
| 5-year return | +114.7% | +127.4% |
| Volatility (ann.) | 22.1% | 19.5% |
| Beta vs S&P 500 | 0.31 | 0.39 |
| Max drawdown (3Y) | -14.1% | -13.7% |
| Market cap | $65.1B | $37.3B |
| P/E (trailing) | 5.2 | 9.7 |
| Dividend yield | 1.59% | 1.66% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | ALL | HIG |
|---|---|---|
| 2022 | +18.4% | +12.3% |
| 2023 | +6.4% | +8.5% |
| 2024 | +40.6% | +38.5% |
| 2025 | +10.1% | +28.1% |
| 2026 | +25.0% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and HIG good diversifiers for each other?
To a limited degree. At 0.69 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 ALL and HIG?
As of 2026-08-27, the correlation of weekly returns between ALL and HIG is 0.69 over 3 years, 0.78 over 1 year and 0.70 over 5 years.
Is HIG a good diversifier for ALL?
To a limited degree. At 0.69 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 0.69 mean?
A reading of 0.69 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/all-vs-hig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/all-vs-hig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALL correlations · HIG correlations
