HIG vs MRSH: Correlation
Hartford (The) (HIG) and Marsh McLennan (MRSH) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIG and MRSH?
On 3 years of weekly data the HIG/MRSH correlation comes out at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.50 lands near the 3-year figure. The 5-year figure is 0.54, and annualized covariance runs at 191.0 %².
By 3-year correlation, MRSH places #23 of the 49 assets tracked against HIG. Over the last 12 months HIG came out ahead by 11.4 percentage points (+5.4% against -6.0%). Across three years, the rolling one-year figure varied moderately, from 0.36 to 0.67.
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 MRSH: side by side
| HIG (Hartford (The)) | MRSH (Marsh McLennan) | |
|---|---|---|
| 1-year return | +5.4% | -6.0% |
| 5-year return | +127.4% | +31.3% |
| Volatility (ann.) | 19.5% | 18.1% |
| Beta vs S&P 500 | 0.39 | 0.33 |
| Max drawdown (3Y) | -13.7% | -34.4% |
| Market cap | $37.3B | $90.7B |
| P/E (trailing) | 9.7 | 23.6 |
| Dividend yield | 1.66% | 1.91% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | HIG | MRSH |
|---|---|---|
| 2022 | +12.3% | -3.5% |
| 2023 | +8.5% | +16.1% |
| 2024 | +38.5% | +13.7% |
| 2025 | +28.1% | -11.3% |
| 2026 | +0.9% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIG and MRSH good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HIG and MRSH?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.50 over the last year and 0.54 over 5 years.
Is MRSH a good diversifier for HIG?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 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-mrsh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hig-vs-mrsh/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HIG correlations · MRSH correlations
