ALL vs THG: Correlation
Measured on weekly returns over the past three years, Allstate (ALL) and Hanover Insurance Group Inc (THG) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALL and THG?
On 3 years of weekly data the ALL/THG correlation comes out at 0.68, strong. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. The 5-year figure is 0.67, and annualized covariance runs at 328.7 %².
Within ALL's tracked universe of 32 assets, THG comes in at #4 by 3-year correlation. Their 12-month results are close: +28.9% for ALL 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.
ALL vs THG: side by side
| ALL (Allstate) | THG (Hanover Insurance Group Inc) | |
|---|---|---|
| 1-year return | +28.9% | +33.1% |
| 5-year return | +114.7% | +81.9% |
| Volatility (ann.) | 22.1% | 21.9% |
| Beta vs S&P 500 | 0.31 | 0.24 |
| Max drawdown (3Y) | -14.1% | -14.0% |
| Market cap | $65.1B | $7.9B |
| P/E (trailing) | 5.2 | 10.9 |
| Dividend yield | 1.59% | 1.64% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | ALL | THG |
|---|---|---|
| 2022 | +18.4% | +5.4% |
| 2023 | +6.4% | -7.6% |
| 2024 | +40.6% | +30.6% |
| 2025 | +10.1% | +20.7% |
| 2026 | +25.0% | +25.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALL and THG good diversifiers for each other?
Only partially. A correlation of 0.68 means ALL and THG 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 ALL and THG?
As of 2026-08-27, the correlation of weekly returns between ALL and THG is 0.68 over 3 years, 0.61 over 1 year and 0.67 over 5 years.
Is THG a good diversifier for ALL?
Only partially. A correlation of 0.68 means ALL and THG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
A reading of 0.68 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-thg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/all-vs-thg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALL correlations · THG correlations
