ALL vs HMN: Correlation
Allstate (ALL) and Horace Mann Educators Corporation (HMN) show a moderate relationship: their 3-year correlation of weekly returns is 0.56.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and HMN?
On 3 years of weekly data the ALL/HMN correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 247.2 %².
Among the 32 assets we track against ALL, HMN ranks #16 by 3-year correlation. On 12-month performance ALL holds a 13.0-point edge, +28.9% against +15.9%.
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 HMN: side by side
| ALL (Allstate) | HMN (Horace Mann Educators Corporation) | |
|---|---|---|
| 1-year return | +28.9% | +15.9% |
| 5-year return | +114.7% | +48.6% |
| Volatility (ann.) | 22.1% | 20.0% |
| Beta vs S&P 500 | 0.31 | 0.26 |
| Max drawdown (3Y) | -14.1% | -17.1% |
| Market cap | $65.1B | $2.1B |
| P/E (trailing) | 5.2 | 12.0 |
| Dividend yield | 1.59% | 2.76% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ALL | HMN |
|---|---|---|
| 2022 | +18.4% | -0.1% |
| 2023 | +6.4% | -8.8% |
| 2024 | +40.6% | +24.6% |
| 2025 | +10.1% | +21.5% |
| 2026 | +25.0% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and HMN good diversifiers for each other?
To a limited degree. At 0.56 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 HMN?
The ALL/HMN correlation stands at 0.56 on a 3-year window (1 year: 0.52, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is HMN a good diversifier for ALL?
To a limited degree. At 0.56 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 0.56 mean?
A reading of 0.56 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-hmn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/all-vs-hmn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALL correlations · HMN correlations
