GL vs HIG: Correlation
Measured on weekly returns over the past three years, Globe Life (GL) and Hartford (The) (HIG) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GL and HIG?
On 3 years of weekly data the GL/HIG correlation comes out at 0.41, moderate. The past 12 months show a tighter link (0.54) than the 3-year average (0.41). The 5-year figure is 0.47, and annualized covariance runs at 283.5 %².
Among the 30 assets we track against GL, HIG ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GL outperformed by 20.7 percentage points (+26.1% for GL against +5.4% for HIG). On a rolling one-year basis the correlation drifted between 0.38 and 0.84, a moderate band. One caveat on sizing: GL is 1.8 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.
GL vs HIG: side by side
| GL (Globe Life) | HIG (Hartford (The)) | |
|---|---|---|
| 1-year return | +26.1% | +5.4% |
| 5-year return | +91.0% | +127.4% |
| Volatility (ann.) | 35.7% | 19.5% |
| Beta vs S&P 500 | 0.60 | 0.39 |
| Max drawdown (3Y) | -61.6% | -13.7% |
| Market cap | $13.5B | $37.3B |
| P/E (trailing) | 11.7 | 9.7 |
| Dividend yield | 0.68% | 1.66% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | GL | HIG |
|---|---|---|
| 2022 | +29.7% | +12.3% |
| 2023 | +1.8% | +8.5% |
| 2024 | -7.5% | +38.5% |
| 2025 | +26.5% | +28.1% |
| 2026 | +26.5% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GL and HIG good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GL and HIG?
As of 2026-08-27, the correlation of weekly returns between GL and HIG is 0.41 over 3 years, 0.54 over 1 year and 0.47 over 5 years.
Is HIG a good diversifier for GL?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gl-vs-hig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gl-vs-hig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: GL correlations · HIG correlations
