HCI vs UVE: Correlation
HCI Group, Inc. (HCI) and UNIVERSAL INSURANCE HOLDINGS INC (UVE) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCI and UVE?
On 3 years of weekly data the HCI/UVE correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 505.7 %².
Few assets follow HCI as closely as UVE, which ranks #1 of 10 tracked partners. The last year tells two different stories: UVE led by 65.1 percentage points, +15.2% for HCI against +80.3% for UVE.
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.
HCI vs UVE: side by side
| HCI (HCI Group, Inc.) | UVE (UNIVERSAL INSURANCE HOLDINGS INC) | |
|---|---|---|
| 1-year return | +15.2% | +80.3% |
| 5-year return | +86.4% | +277.8% |
| Volatility (ann.) | 35.9% | 33.5% |
| Beta vs S&P 500 | 0.62 | 0.36 |
| Max drawdown (3Y) | -28.3% | -25.7% |
| Market cap | $2.3B | $1.2B |
| P/E (trailing) | 8.1 | 5.7 |
| Dividend yield | 0.86% | 1.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HCI | UVE |
|---|---|---|
| 2022 | -51.2% | -33.5% |
| 2023 | +126.8% | +58.1% |
| 2024 | +35.5% | +36.8% |
| 2025 | +66.3% | +65.3% |
| 2026 | -1.8% | +29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCI and UVE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HCI and UVE?
The HCI/UVE correlation stands at 0.42 on a 3-year window (1 year: 0.49, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is UVE a good diversifier for HCI?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/hci-vs-uve.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hci-vs-uve/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HCI correlations · UVE correlations
