HIG vs QCLS: Correlation
How closely do Hartford (The) (HIG) and Q/C Technologies, Inc. (QCLS) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIG and QCLS?
Across a 3-year window, the weekly returns of HIG and QCLS correlate at -0.21, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. Stretching to 5 years gives -0.06, with an annualized covariance of -452.6 %².
Within HIG's tracked universe of 49 assets, QCLS comes in at #41 by 3-year correlation. The last year tells two different stories: HIG led by 79.1 percentage points, +5.4% for HIG against -73.7% for QCLS. Note the risk asymmetry: QCLS runs 5.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 QCLS: side by side
| HIG (Hartford (The)) | QCLS (Q/C Technologies, Inc.) | |
|---|---|---|
| 1-year return | +5.4% | -73.7% |
| 5-year return | +127.4% | -100.0% |
| Volatility (ann.) | 19.5% | 108.9% |
| Beta vs S&P 500 | 0.39 | 0.87 |
| Max drawdown (3Y) | -13.7% | -99.9% |
| Market cap | $37.3B | – |
| P/E (trailing) | 9.7 | – |
| Dividend yield | 1.66% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HIG | QCLS |
|---|---|---|
| 2022 | +12.3% | -81.0% |
| 2023 | +8.5% | -77.5% |
| 2024 | +38.5% | -85.2% |
| 2025 | +28.1% | -96.5% |
| 2026 | +0.9% | -40.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIG and QCLS good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between HIG and QCLS?
The HIG/QCLS correlation stands at -0.21 on a 3-year window (1 year: -0.29, 5 years: -0.06), computed from weekly returns as of 2026-08-27.
Is QCLS a good diversifier for HIG?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 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-qcls.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hig-vs-qcls/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HIG correlations · QCLS correlations
