HIG vs PGR: Correlation
Measured on weekly returns over the past three years, Hartford (The) (HIG) and Progressive Corporation (PGR) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIG and PGR?
On 3 years of weekly data the HIG/PGR correlation comes out at 0.53, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.53 over 3. The 5-year figure is 0.55, and annualized covariance runs at 241.3 %².
Among the 49 assets we track against HIG, PGR ranks #24 by 3-year correlation. On 12-month performance HIG holds a 10.7-point edge, +5.4% against -5.3%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.23 to 0.73.
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 PGR: side by side
| HIG (Hartford (The)) | PGR (Progressive Corporation) | |
|---|---|---|
| 1-year return | +5.4% | -5.3% |
| 5-year return | +127.4% | +153.0% |
| Volatility (ann.) | 19.5% | 23.6% |
| Beta vs S&P 500 | 0.39 | 0.32 |
| Max drawdown (3Y) | -13.7% | -30.4% |
| Market cap | $37.3B | $126.5B |
| P/E (trailing) | 9.7 | 10.9 |
| Dividend yield | 1.66% | 0.18% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | HIG | PGR |
|---|---|---|
| 2022 | +12.3% | +26.8% |
| 2023 | +8.5% | +23.2% |
| 2024 | +38.5% | +51.4% |
| 2025 | +28.1% | -3.0% |
| 2026 | +0.9% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIG and PGR good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HIG and PGR?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.50 over the last year and 0.55 over 5 years.
Is PGR a good diversifier for HIG?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 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-pgr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hig-vs-pgr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HIG correlations · PGR correlations
