EG vs HIG: Correlation
Everest Group (EG) and Hartford (The) (HIG) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EG and HIG?
Over the past 3 years, EG and HIG moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.60 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 223.9 %².
Within EG's tracked universe of 30 assets, HIG comes in at #4 by 3-year correlation. Over the last 12 months EG came out ahead by 5.9 percentage points (+11.3% against +5.4%). On a rolling one-year basis the correlation drifted between 0.40 and 0.75, 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.
EG vs HIG: side by side
| EG (Everest Group) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | +11.3% | +5.4% |
| 5-year return | +57.2% | +127.4% |
| Volatility (ann.) | 22.2% | 19.5% |
| Beta vs S&P 500 | 0.28 | 0.39 |
| Max drawdown (3Y) | -23.8% | -13.7% |
| Market cap | $14.5B | $37.3B |
| P/E (trailing) | 8.0 | 9.7 |
| Dividend yield | 2.11% | 1.66% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | EG | HIG |
|---|---|---|
| 2022 | +23.7% | +12.3% |
| 2023 | +8.7% | +8.5% |
| 2024 | +4.6% | +38.5% |
| 2025 | -5.3% | +28.1% |
| 2026 | +12.7% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EG and HIG good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EG and HIG?
The EG/HIG correlation stands at 0.52 on a 3-year window (1 year: 0.60, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is HIG a good diversifier for EG?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eg-vs-hig.json
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[](https://www.pairbook.io/pair/eg-vs-hig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EG correlations · HIG correlations
