AON vs HIG: Correlation
Measured on weekly returns over the past three years, Aon plc (AON) and Hartford (The) (HIG) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AON and HIG?
On 3 years of weekly data the AON/HIG correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.50 over 3. The 5-year figure is 0.47, and annualized covariance runs at 213.1 %².
Among the 32 assets we track against AON, HIG ranks #7 by 3-year correlation. The trailing year gives HIG the advantage: -4.6% versus +5.4%, a 10.0-point spread. Across three years, the rolling one-year figure varied moderately, from 0.26 to 0.68.
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.
AON vs HIG: side by side
| AON (Aon plc) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | -4.6% | +5.4% |
| 5-year return | +27.0% | +127.4% |
| Volatility (ann.) | 21.7% | 19.5% |
| Beta vs S&P 500 | 0.34 | 0.39 |
| Max drawdown (3Y) | -24.2% | -13.7% |
| Market cap | $74.2B | $37.3B |
| P/E (trailing) | 19.5 | 9.7 |
| Dividend yield | 0.86% | 1.66% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AON | HIG |
|---|---|---|
| 2022 | +0.6% | +12.3% |
| 2023 | -2.3% | +8.5% |
| 2024 | +24.5% | +38.5% |
| 2025 | -1.2% | +28.1% |
| 2026 | -0.5% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AON and HIG good diversifiers for each other?
Only partially. A correlation of 0.50 means AON and HIG 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 AON and HIG?
The AON/HIG correlation stands at 0.50 on a 3-year window (1 year: 0.51, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is HIG a good diversifier for AON?
Only partially. A correlation of 0.50 means AON and HIG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aon-vs-hig.json
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Related comparisons
Hubs: AON correlations · HIG correlations
