CB vs HIG: Correlation
How closely do Chubb Limited (CB) and Hartford (The) (HIG) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CB and HIG?
On 3 years of weekly data the CB/HIG correlation comes out at 0.73, strong. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 252.1 %².
In CB's tracked universe of 37 assets, HIG sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months CB outperformed by 19.3 percentage points (+24.7% for CB against +5.4% for HIG). The rolling one-year correlation stayed in a tight band between 0.63 and 0.82 over the past three years, which points to a structural rather than episodic relationship.
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 HIG: side by side
| CB (Chubb Limited) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | +24.7% | +5.4% |
| 5-year return | +96.8% | +127.4% |
| Volatility (ann.) | 17.7% | 19.5% |
| Beta vs S&P 500 | 0.17 | 0.39 |
| Max drawdown (3Y) | -14.4% | -13.7% |
| Market cap | $130.5B | $37.3B |
| P/E (trailing) | 12.2 | 9.7 |
| Dividend yield | 1.14% | 1.66% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | CB | HIG |
|---|---|---|
| 2022 | +16.0% | +12.3% |
| 2023 | +4.2% | +8.5% |
| 2024 | +23.9% | +38.5% |
| 2025 | +13.7% | +28.1% |
| 2026 | +9.1% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CB and HIG good diversifiers for each other?
Only partially. A correlation of 0.73 means CB 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 CB and HIG?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.72 over the last year and 0.74 over 5 years.
Is HIG a good diversifier for CB?
Only partially. A correlation of 0.73 means CB 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 0.73 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/cb-vs-hig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cb-vs-hig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CB correlations · HIG correlations
