ECOR vs HIG: Correlation
Measured on weekly returns over the past three years, electroCore, Inc. (ECOR) and Hartford (The) (HIG) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECOR and HIG?
On 3 years of weekly data the ECOR/HIG correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.32) runs below the 3-year figure (-0.21). The 5-year figure is -0.10, and annualized covariance runs at -346.8 %².
Among the 12 assets we track against ECOR, HIG sits near the bottom by co-movement, at rank #9. The last year tells two different stories: ECOR led by 69.6 percentage points, +75.0% for ECOR against +5.4% for HIG. One caveat on sizing: ECOR is 4.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ECOR vs HIG: side by side
| ECOR (electroCore, Inc.) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | +75.0% | +5.4% |
| 5-year return | -37.8% | +127.4% |
| Volatility (ann.) | 83.7% | 19.5% |
| Beta vs S&P 500 | 1.73 | 0.39 |
| Max drawdown (3Y) | -77.7% | -13.7% |
| Market cap | $0.1B | $37.3B |
| P/E (trailing) | – | 9.7 |
| Dividend yield | 0.00% | 1.66% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ECOR | HIG |
|---|---|---|
| 2022 | -55.9% | +12.3% |
| 2023 | +54.4% | +8.5% |
| 2024 | +172.3% | +38.5% |
| 2025 | -72.3% | +28.1% |
| 2026 | +116.5% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECOR and HIG good diversifiers for each other?
Yes. With a correlation of -0.21, ECOR and HIG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ECOR and HIG?
As of 2026-08-27, the correlation of weekly returns between ECOR and HIG is -0.21 over 3 years, -0.32 over 1 year and -0.10 over 5 years.
Is HIG a good diversifier for ECOR?
Yes. With a correlation of -0.21, ECOR and HIG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ecor-vs-hig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ecor-vs-hig/)
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Related comparisons
Hubs: ECOR correlations · HIG correlations
