HIG vs RGA: Correlation
Measured on weekly returns over the past three years, Hartford (The) (HIG) and Reinsurance Group of America, Incorporated (RGA) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIG and RGA?
Over the past 3 years, HIG and RGA moved with a correlation of 0.61, which is strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.61 over 3. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 272.5 %².
By 3-year correlation, RGA places #17 of the 49 assets tracked against HIG. The last year tells two different stories: RGA led by 23.6 percentage points, +5.4% for HIG against +29.0% for RGA.
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 RGA: side by side
| HIG (Hartford (The)) | RGA (Reinsurance Group of America, Incorporated) | |
|---|---|---|
| 1-year return | +5.4% | +29.0% |
| 5-year return | +127.4% | +136.6% |
| Volatility (ann.) | 19.5% | 23.0% |
| Beta vs S&P 500 | 0.39 | 0.60 |
| Max drawdown (3Y) | -13.7% | -27.1% |
| Market cap | $37.3B | $16.1B |
| P/E (trailing) | 9.7 | 10.9 |
| Dividend yield | 1.66% | 1.51% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HIG | RGA |
|---|---|---|
| 2022 | +12.3% | +33.0% |
| 2023 | +8.5% | +16.4% |
| 2024 | +38.5% | +34.4% |
| 2025 | +28.1% | -3.0% |
| 2026 | +0.9% | +22.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIG and RGA good diversifiers for each other?
Only partially. A correlation of 0.61 means HIG and RGA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HIG and RGA?
Using weekly returns as of 2026-08-27: 0.61 over 3 years, with 0.66 over the last year and 0.63 over 5 years.
Is RGA a good diversifier for HIG?
Only partially. A correlation of 0.61 means HIG and RGA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hig-vs-rga.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hig-vs-rga/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HIG correlations · RGA correlations
