HIG vs MKL: Correlation
Measured on weekly returns over the past three years, Hartford (The) (HIG) and Markel Group Inc. (MKL) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIG and MKL?
Over the past 3 years, HIG and MKL moved with a correlation of 0.55, which is moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.55 over 3. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 225.5 %².
Within HIG's tracked universe of 49 assets, MKL comes in at #22 by 3-year correlation. The trailing year gives HIG the advantage: +5.4% versus -7.8%, a 13.2-point spread.
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.
HIG vs MKL: side by side
| HIG (Hartford (The)) | MKL (Markel Group Inc.) | |
|---|---|---|
| 1-year return | +5.4% | -7.8% |
| 5-year return | +127.4% | +43.0% |
| Volatility (ann.) | 19.5% | 21.0% |
| Beta vs S&P 500 | 0.39 | 0.44 |
| Max drawdown (3Y) | -13.7% | -20.1% |
| Market cap | $37.3B | $22.4B |
| P/E (trailing) | 9.7 | 10.0 |
| Dividend yield | 1.66% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HIG | MKL |
|---|---|---|
| 2022 | +12.3% | +6.8% |
| 2023 | +8.5% | +7.8% |
| 2024 | +38.5% | +21.6% |
| 2025 | +28.1% | +24.5% |
| 2026 | +0.9% | -16.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIG and MKL good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HIG and MKL?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.49 over the last year and 0.59 over 5 years.
Is MKL a good diversifier for HIG?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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/hig-vs-mkl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hig-vs-mkl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HIG correlations · MKL correlations
