CI vs HIG: Correlation
How closely do Cigna (CI) and Hartford (The) (HIG) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CI and HIG?
Over the past 3 years, CI and HIG moved with a correlation of 0.41, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.41 over 3. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 212.6 %².
Among the 30 assets we track against CI, HIG ranks #8 by 3-year correlation. The trailing year gives HIG the advantage: -5.4% versus +5.4%, a 10.8-point spread. The rolling one-year correlation moved between 0.20 and 0.64 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.
CI vs HIG: side by side
| CI (Cigna) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | -5.4% | +5.4% |
| 5-year return | +46.7% | +127.4% |
| Volatility (ann.) | 26.7% | 19.5% |
| Beta vs S&P 500 | 0.22 | 0.39 |
| Max drawdown (3Y) | -32.1% | -13.7% |
| Market cap | $73.4B | $37.3B |
| P/E (trailing) | 11.6 | 9.7 |
| Dividend yield | 2.19% | 1.66% |
| Sector / category | Health Care | Financials |
Year-by-year returns
| Year | CI | HIG |
|---|---|---|
| 2022 | +46.7% | +12.3% |
| 2023 | -8.0% | +8.5% |
| 2024 | -6.3% | +38.5% |
| 2025 | +1.7% | +28.1% |
| 2026 | +2.0% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CI and HIG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CI and HIG?
The CI/HIG correlation stands at 0.41 on a 3-year window (1 year: 0.38, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is HIG a good diversifier for CI?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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: CI correlations · HIG correlations
