CB vs HG: Correlation
Chubb Limited (CB) and Hamilton Insurance Group, Ltd. Class B (HG) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CB and HG?
Across a 3-year window, the weekly returns of CB and HG correlate at 0.47, moderate. The past 12 months show a tighter link (0.69) than the 3-year average (0.47). Stretching to 5 years gives n/a, with an annualized covariance of 253.6 %².
Among the 37 assets we track against CB, HG ranks #21 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HG outperformed by 30.9 percentage points (+24.7% for CB against +55.6% for HG). Risk is not evenly split, since HG carries 1.7 times the volatility of the other side.
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.
CB vs HG: side by side
| CB (Chubb Limited) | HG (Hamilton Insurance Group, Ltd. Class B) | |
|---|---|---|
| 1-year return | +24.7% | +55.6% |
| 5-year return | +96.8% | n/a |
| Volatility (ann.) | 17.7% | 30.1% |
| Beta vs S&P 500 | 0.17 | 0.12 |
| Max drawdown (3Y) | -14.4% | -21.1% |
| Market cap | $130.5B | $3.5B |
| P/E (trailing) | 12.2 | 6.2 |
| Dividend yield | 1.14% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CB | HG |
|---|---|---|
| 2022 | +16.0% | – |
| 2023 | +4.2% | – |
| 2024 | +23.9% | +27.3% |
| 2025 | +13.7% | +46.6% |
| 2026 | +9.1% | +35.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CB and HG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CB and HG?
The CB/HG correlation stands at 0.47 on a 3-year window (1 year: 0.69, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is HG a good diversifier for CB?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CB correlations · HG correlations
