AZO vs HIG: Correlation
AutoZone (AZO) and Hartford (The) (HIG) show a moderate relationship: their 3-year correlation of weekly returns is 0.35.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZO and HIG?
Over the past 3 years, AZO and HIG moved with a correlation of 0.35, which is moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.35 over 3. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 159.8 %².
Within AZO's tracked universe of 30 assets, HIG comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HIG ahead by 35.7 points (-30.3% versus +5.4%). The rolling one-year correlation moved between 0.10 and 0.46 over the past three years, a moderate range.
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.
AZO vs HIG: side by side
| AZO (AutoZone) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | -30.3% | +5.4% |
| 5-year return | +88.5% | +127.4% |
| Volatility (ann.) | 23.2% | 19.5% |
| Beta vs S&P 500 | 0.31 | 0.39 |
| Max drawdown (3Y) | -32.9% | -13.7% |
| Market cap | – | $37.3B |
| P/E (trailing) | 20.6 | 9.7 |
| Dividend yield | 0.00% | 1.66% |
| Sector / category | Consumer Discretionary | Financials |
Year-by-year returns
| Year | AZO | HIG |
|---|---|---|
| 2022 | +17.6% | +12.3% |
| 2023 | +4.8% | +8.5% |
| 2024 | +23.8% | +38.5% |
| 2025 | +5.9% | +28.1% |
| 2026 | -13.5% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZO and HIG good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AZO and HIG?
The AZO/HIG correlation stands at 0.35 on a 3-year window (1 year: 0.33, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is HIG a good diversifier for AZO?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 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/azo-vs-hig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/azo-vs-hig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AZO correlations · HIG correlations
