HCI vs WRB: Correlation
HCI Group, Inc. (HCI) and W. R. Berkley Corporation (WRB) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HCI and WRB?
On 3 years of weekly data the HCI/WRB correlation comes out at 0.39, moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.39 over 3. The 5-year figure is 0.20, and annualized covariance runs at 317.5 %².
Within HCI's tracked universe of 10 assets, WRB comes in at #4 by 3-year correlation. The last year tells two different stories: HCI led by 17.2 percentage points, +15.2% for HCI against -2.0% for WRB. Risk is not evenly split, since HCI carries 1.6 times the volatility of the other side.
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 WRB: side by side
| HCI (HCI Group, Inc.) | WRB (W. R. Berkley Corporation) | |
|---|---|---|
| 1-year return | +15.2% | -2.0% |
| 5-year return | +86.4% | +130.5% |
| Volatility (ann.) | 35.9% | 22.5% |
| Beta vs S&P 500 | 0.62 | 0.19 |
| Max drawdown (3Y) | -28.3% | -17.6% |
| Market cap | $2.3B | $25.4B |
| P/E (trailing) | 8.1 | 14.1 |
| Dividend yield | 0.86% | 0.54% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | HCI | WRB |
|---|---|---|
| 2022 | -51.2% | +33.9% |
| 2023 | +126.8% | +0.2% |
| 2024 | +35.5% | +27.2% |
| 2025 | +66.3% | +23.0% |
| 2026 | -1.8% | -1.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HCI and WRB good diversifiers for each other?
Reasonably. At 0.39, HCI and WRB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HCI and WRB?
The HCI/WRB correlation stands at 0.39 on a 3-year window (1 year: 0.36, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is WRB a good diversifier for HCI?
Reasonably. At 0.39, HCI and WRB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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-wrb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hci-vs-wrb/)
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Related comparisons
Hubs: HCI correlations · WRB correlations
