BRK.B vs HIG: Correlation
How closely do Berkshire Hathaway (BRK.B) and Hartford (The) (HIG) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRK.B and HIG?
On 3 years of weekly data the BRK.B/HIG correlation comes out at 0.63, strong. Recent behaviour matches the longer record: 0.60 over 1 year against 0.63 over 3. The 5-year figure is 0.65, and annualized covariance runs at 194.9 %².
By 3-year correlation, HIG places #4 of the 31 assets tracked against BRK.B. Neither side won the trailing year by much: +1.6% against +5.4%. On a rolling one-year basis the correlation drifted between 0.44 and 0.76, 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.
BRK.B vs HIG: side by side
| BRK.B (Berkshire Hathaway) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | +1.6% | +5.4% |
| 5-year return | +76.3% | +127.4% |
| Volatility (ann.) | 15.9% | 19.5% |
| Beta vs S&P 500 | 0.43 | 0.39 |
| Max drawdown (3Y) | -14.9% | -13.7% |
| Market cap | $1,078.3B | $37.3B |
| P/E (trailing) | 12.7 | 9.7 |
| Dividend yield | 0.00% | 1.66% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BRK.B | HIG |
|---|---|---|
| 2022 | +3.3% | +12.3% |
| 2023 | +15.5% | +8.5% |
| 2024 | +27.1% | +38.5% |
| 2025 | +10.9% | +28.1% |
| 2026 | +0.2% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRK.B and HIG good diversifiers for each other?
Only partially. A correlation of 0.63 means BRK.B 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 BRK.B and HIG?
The BRK.B/HIG correlation stands at 0.63 on a 3-year window (1 year: 0.60, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is HIG a good diversifier for BRK.B?
Only partially. A correlation of 0.63 means BRK.B 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 0.63 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.
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Related comparisons
Hubs: BRK.B correlations · HIG correlations
